Commercial Land With Existing
122 Northeast Street E, Monticello, GA 31064
For Sale
$199,000
Commercial Sale, Monticello, GA
Property Size548 SF
Lot Size1.58 Acres
Price / SF$363.14
Days on Market112
Property Features for 122 Northeast Street E
General Information
Property type
Property subtype
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Building materials
Listing Agency:
Georgia Premier RE Advisors
(706) 363-0099
Listed By:
Matthew L Smith
(706) 340-4724
Added: Jul 24
Changed: Oct 21
Last Checked: Nov 12 at 2:06PM
MLS# 10820735
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 1.58 +/- acre commercial land offering includes a 548-square-foot building that is operating as a beauty salon. The structure was built in 1955 and features aluminum siding, central air, and a parking lot. Its existing commercial use is grandfathered within R-20 residential zoning, allowing the salon or a similar use to continue subject to confirmation with the City of Monticello.
The property is served by public water and public sewer, with cable available. Based on the parcel size and zoning, the site may support as many as three residential lots, subject to City approval and applicable subdivision requirements. The property is located in Monticello, Georgia.
The property is served by public water and public sewer, with cable available. Based on the parcel size and zoning, the site may support as many as three residential lots, subject to City approval and applicable subdivision requirements. The property is located in Monticello, Georgia.
Key Highlights
- 1.58 +/- acre parcel in Monticello, GA
- 548‑square‑foot building operating as a beauty salon
- R‑20 residential zoning with grandfathered commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,708
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,160
$154.2K
Cap Rate 7%
$110,114
$110.1K
Cap Rate 9%
$85,644
$85.6K
Market Conditions
NOI Build-Up for 548 SF
Gross rent
$12.0K $21.96/SF
− Vacancy
−$1.0K −$1.87/SF
EGI
$11.0K $20.09/SF
− OpEx
−$3.3K −$6.03/SF
NOI
$7.7K $14.07/SF
Area
Jasper County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,160
Cap Rate 7%
$110,114
Cap Rate 9%
$85,644
Alternative Uses
Best Use
Retail
$110.1K
$96.4K – $128.5K
NOI $7,708 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$153.2K
$134.0K – $178.7K
NOI $10,723 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
Business Placement
Demographics for 31064, GA
9,880
Population
4,264
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
91%
High-School Grad
245.7 sq mi
ZIP Area
40
Density / Sq Mi
$56,961
Median Household Income
$37,557
Median Earnings
$1,020
Median Rent
$223,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - R-20-zoned parcel with an existing building, public water and sewer, and grandfathered commercial use.
Where is this commercial land located?
The property is located at 122 Northeast Street E Monticello, GA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1.58 +/- acre parcel in Monticello, GA; 548‑square‑foot building operating as a beauty salon; R‑20 residential zoning with grandfathered commercial use
