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    328 Expressway Griffin, GA 30223

    For Sale
    $400,000

    High-Income Potential, Needs TLC

    Property size:
    4,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial investment opportunity in Griffin, Georgia presents a 4,000 square foot building situated on a 0.65-acre lot. Currently leased to a thriving auto body business, the property boasts four convenient pull-down garage doors, a well-appointed bathroom, and dedicated office space. The building is classified as C3 commercial and is located at 328 N Expressway. While the property requires some tender loving care (TLC), its strong tenant occupancy and additional income stream from a billboard attached to the building make it a compelling investment prospect. The current lease agreement provides a steady income flow, offering immediate return on investment. The substantial size of the building, combined with its strategic location and existing business operations, presents a rare opportunity for investors seeking a hands-off approach or those looking for a value-add project with significant upside potential. The property's zoning and current use make it ideal for a variety of automotive-related businesses or other suitable commercial ventures. The 0.65-acre lot offers ample space for expansion or future development. Serious inquiries are encouraged to schedule a viewing during business hours. The asking price for this property is $400,000.

    Property Features for 328 Expressway

    General Information

    Property type
    Investment properties
    Square Feet
    4,000 SF
    Lot Size
    28,314 SF

    Building Details

    Year Built
    1969
    Location Intelligence

    Current Use by Public Records

    Safety Auto Sales ... Used Car Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Griffin
    County
    Spalding
    State
    Georgia
    Longitude
    -84.28722
    Latitude
    33.25274

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    FAQs

    What type of property is this?
    Investment property - High-Income Potential, Needs TLC
    Where is this investment property located?
    The property is located at 328 Expressway Griffin, GA.
    What is the asking price?
    The asking price for this property is $400,000.
    (770) 530-6798
    Request Owner's contact information
    328 Expressway Griffin, GA 30223
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    Griffin, GA 30223
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    328 Expressway Griffin, GA 30223
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