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Property profile & analytics
OFF-MARKET
Retail space

1049 Vaughan St Clarkston, GA 30021-1224

2,000 SF 0.1 ac lot Built 1963
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US22-0579397
Property summary
AI-generated overview

This exceptional 2,000 square foot commercial building, situated on a 0.1-acre lot at 1049 Vaughan Street in Clarkston, Georgia, presents a lucrative investment opportunity. Currently operating as a successful grocery store generating over $65,000 in annual rental income, this versatile property offers significant potential for a variety of uses. The building is equipped with two vent hoods, making it ideally suited for a restaurant or food-related business. Alternatively, its adaptable layout is perfect for retail operations or other commercial ventures. A recently replaced roof ensures long-term cost savings and peace of mind. Ample parking is available for customers and employees, enhancing convenience and accessibility. The property's prime location in Clarkston, Georgia, offers excellent visibility and access to a thriving community. This is a rare chance to acquire a high-income-producing commercial property with significant upside potential. The building's current use as a successful grocery store demonstrates its strong earning capacity and market viability. Serious inquiries are encouraged to explore this exceptional investment opportunity further. Please schedule a viewing appointment in advance.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1963
Construction WOOD FRAME
Total area 2,000 SF
Lot 0.1 ac (4,487 SF)
Zoning code C1
APN 18 096 06 013
UPID US22-0579397
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Karl L Morrison · 7 yrs held
Karl L Morrison
since 2018
2 recorded transactions
2018
$226,000
2009
$115,000
Zoning & alternative use
C1 · Clarkston, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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