Renovated Mixed-Use
For Sale
$2,750,000
119 Ridley Avenue, Lagrange, GA 30240
Commercial Sale, Lagrange, GA
Property Size18,600 SF
Lot Size0.52 Acres
Price / SF$121.41
Days on Market402
Property Features for 119 Ridley Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
City Lot, Corner Lot
Directions
119 Ridley Avenue, LaGrange GA 30240 Located in downtown LaGrange Across from the Troup County Government Center
Standard status
Active
APN
0614W002017
Size
22,651 SF
Lot size
0.52 Acres
Additional Details
Mixed-Use Components
office, retail
Property Use
Office & Retail
Condition
Newly Renovated
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
15166
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Natural Gas
Cooling system
Central Air, Gas (Cooling), Electric
Water source
Public
Amenities
main lobby
multiple staircases
Building Details
Year built
1900
Flooring type
Tile, Hardwood, Carpet
Building materials
Brick, Concrete
Roof type
Composition
Buildings
1
Listing Agency:
J.T. Jones & Associates Realty
(706) 883-6123
Listed By:
Jared T Jones
(706) 333-7202
Added: Sep 23, 2025
Changed: Oct 26
Last Checked: Oct 29 at 2:06AM
MLS# 10619296
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-story mixed-use property contains approximately 18,600 square feet of leasable office and retail space within a 22,651-square-foot property. Renovated in recent years, the building features office suites, retail areas, a main lobby, an elevator, and multiple staircases serving all floors. Brick and concrete construction is complemented by tile, carpet, and hardwood flooring.
Built in 1900, the property occupies 0.52 acres on Ridley Avenue in downtown LaGrange, directly across from the courthouse and government center. Public water and public sewer serve the building, with water available and a parking lot on site. Heating and cooling systems include central, electric, natural gas, and central air components as identified in the property information.
Built in 1900, the property occupies 0.52 acres on Ridley Avenue in downtown LaGrange, directly across from the courthouse and government center. Public water and public sewer serve the building, with water available and a parking lot on site. Heating and cooling systems include central, electric, natural gas, and central air components as identified in the property information.
Key Highlights
- Approximately 18,600 SF of leasable office and retail space
- 22,651‑square‑foot mixed‑use property on 0.52 acres
- Three‑story building with elevator and multiple staircases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$234,438
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,688,760
$4.7M
Cap Rate 7%
$3,349,114
$3.3M
Cap Rate 9%
$2,604,867
$2.6M
Market Conditions
NOI Build-Up for 22,651 SF
Gross rent
$407.7K $18.00/SF
− Vacancy
−$32.6K −$1.44/SF
EGI
$375.1K $16.56/SF
− OpEx
−$140.7K −$6.21/SF
NOI
$234.4K $10.35/SF
Area
Troup County, GA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,688,760
Cap Rate 7%
$3,349,114
Cap Rate 9%
$2,604,867
Alternative Uses
Best Use
Retail
$3.94M
$3.45M – $4.60M
NOI $275,904 @ 7.0% cap · market cap 10.03%
Second Best
Office B
$3.78M
$3.31M – $4.41M
NOI $264,874 @ 7.0% cap · market cap 9.63%
Theoretical Best
Office A
$5.07M
$4.43M – $5.91M
NOI $354,773 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,239
Businesses Nearby
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Business Placement
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story commercial property combining office suites and retail space with elevator access and public utilities.
Where is this mixed-use property located?
The property is located at 119 Ridley Avenue Lagrange, GA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Approximately 18,600 SF of leasable office and retail space; 22,651‑square‑foot mixed‑use property on 0.52 acres; Three‑story building with elevator and multiple staircases
