Commercial Parcel with Car
For Sale
$449,000
1222 & 1224 New Franklin Road, Lagrange, GA 30240
COMMERCIAL - Lagrange, GA
Property Size3,424 SF
Lot Size2.20 Acres
Price / SF$131.13
Days on Market97
Property Features for 1222 & 1224 New Franklin Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Corner Lot
Directions
Head toward E Lafayette Sq on Main St, Turn right onto Lafayette Pkwy (US-29), Turn left onto Morgan St (US-27/US-29).
Standard status
Active
APN
0493B000098A
Size
3,424 SF
Lot size
2.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2615
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Natural Gas
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1940
Flooring type
Hardwood, Concrete
Building materials
Block, Brick
Roof type
Metal, Composition
Listing Agency:
RE/MAX Results · RE/MAX International
(706) 845-7000
Listed By:
Joel Upchurch · License #203316
(706) 523-1702
Added: May 1
Changed: Aug 4
Last Checked: Aug 5 at 4:06PM
MLS# 10755685
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.
Investment Insights
Based on property information with market context.
This commercial parcel includes a masonry block commercial building currently used as a car lot, along with an on-site 1,984 sq. ft single-family residence. The property totals 2.2 acres and is configured to support day-to-day vehicle lot operations while also maintaining an existing residential structure on site.
The site is positioned for visibility along New Franklin Road, with traffic counts reported at over 11,000 vehicles per day. It also benefits from proximity to N. Davis (reported at about 6,500 vehicles per day) and sits near major everyday conveniences, including Walmart (0.8 miles), ALDI (1.3 miles), and Franklin Forest Elementary School (0.4 miles).
The property’s combination of vehicle-lot use and existing improvements offers multiple ways to manage the site over time, including maintaining the car lot operation and leveraging the flexibility of the overall holding.
The site is positioned for visibility along New Franklin Road, with traffic counts reported at over 11,000 vehicles per day. It also benefits from proximity to N. Davis (reported at about 6,500 vehicles per day) and sits near major everyday conveniences, including Walmart (0.8 miles), ALDI (1.3 miles), and Franklin Forest Elementary School (0.4 miles).
The property’s combination of vehicle-lot use and existing improvements offers multiple ways to manage the site over time, including maintaining the car lot operation and leveraging the flexibility of the overall holding.
Key Highlights
- 2.2 acres featuring a 1,984 sq ft single‑family residence plus a 1,440 sq ft masonry block commercial building used as a car lot
- Traffic counts over 11,000 per day on New Franklin Road and 6,500 per day on N. Davis
- Residential/commercial setup with block and brick construction
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.7k | $13.92 |
| − Vacancy | −$3.0k | −$0.86 |
| EGI | $44.7k | $13.06 |
| − OpEx | −$20.1k | −$5.88 |
| NOI | $24.6k | $7.18 |
3,424 SF · lease $13.92/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$351.3K
$307.4K – $409.8K
NOI $24,589 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$766.1K
$670.4K – $893.8K
NOI $53,629 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Parcel includes a masonry block commercial building used as a car lot plus an on-site single-family residence.
Where is this parking lot & garage located?
The property is located at 1222 & 1224 New Franklin Road Lagrange, GA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2.2 acres featuring a 1,984 sq ft single‑family residence plus a 1,440 sq ft masonry block commercial building used as a car lot; Traffic counts over 11,000 per day on New Franklin Road and 6,500 per day on N. Davis; Residential/commercial setup with block and brick construction
