Three-Story Office and Retail
119 Ridley Avenue Lagrange, Lagrange, GA 30240
New
Renovated downtown mixed-use building with elevator and stair access across three floors near the courthouse.
Property size:
22,651 SFPrice / SF:
$165/SF- Added:
- Jul 1, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 5 at 2:56 am
Property Features for 119 Ridley Avenue Lagrange
General Information
- Standard status
- Active
- Size
- 22,651 SF
Building Details
- Year Built
- 1900
Listing office (706) 480-5310
Listing date Jul 1, 2026
Source Thesoldsquad
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Dayne Kimsey
HighLights
- Approximately 18,600 SF (leasable space) three‑story mixed‑use office & retail building
- Main lobby includes an elevator plus multiple staircases providing access to all three floors
- Situated on a 0.52‑acre city/corner lot with parking lot paved parking
- Across from the courthouse and government center in downtown LaGrange
- Public records indicate central amenities including heating and air conditioning
- Interior flooring includes carpet, hardwood, and tile
Overview
This three-story mixed-use office and retail building offers approximately 18,600 SF of leasable space. The property has been renovated in recent years and features a main lobby with an elevator and multiple staircases for convenient access to all three floors. Exterior architecture combines historic character with modern functionality, while the interiors include finishes intended for both professional office tenants and retail users.
The building is located in the heart of downtown LaGrange on Ridley Avenue and sits directly across from the courthouse and government center. Its position along the downtown streetscape supports walk-up visibility and pedestrian-oriented foot traffic from the adjacent civic facilities.
With access to office and retail space within the same building, this property can support a range of tenant configurations and operational needs. The presence of the elevator and multiple stairways simplifies movement between levels for staff, customers, and visitors. For buyers and operators seeking a downtown mixed-use asset with updated interiors and well-considered building circulation, this centrally situated property provides a practical foundation for leasing and occupancy planning.
The building is located in the heart of downtown LaGrange on Ridley Avenue and sits directly across from the courthouse and government center. Its position along the downtown streetscape supports walk-up visibility and pedestrian-oriented foot traffic from the adjacent civic facilities.
With access to office and retail space within the same building, this property can support a range of tenant configurations and operational needs. The presence of the elevator and multiple stairways simplifies movement between levels for staff, customers, and visitors. For buyers and operators seeking a downtown mixed-use asset with updated interiors and well-considered building circulation, this centrally situated property provides a practical foundation for leasing and occupancy planning.
Local Financial Insights For Retail
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 | $413.2k | $18.24 |
| − Vacancy | −$19.0k | −$0.84 |
| EGI | $394.1k | $17.40 |
| − OpEx | −$118.2k | −$5.22 |
| NOI | $275.9k | $12.18 |
22,651 SF · lease $18.24/SF/yr · vacancy 4.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.94M
$3.45M – $4.60M
NOI $275,904 @ 7.0% cap · market cap 7.36%
Second Best
Office B
$3.78M
$3.31M – $4.41M
NOI $264,874 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$5.07M
$4.43M – $5.91M
NOI $354,773 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Pro Wheels USA ...
Freight Service
Baker Wealth Group, ...
Financial Advisor
Forte HealthForce
Employment Agency
Amanda Eiland Hair
Hair Salon
Styles by XLG
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Lagrange
- County
- Troup
- State
- Georgia
- Longitude
- -85.0314036
- Latitude
- 33.0404152
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Renovated downtown mixed-use building with elevator and stair access across three floors near the courthouse.
Where is this mixed-use property located?
The property is located at 119 Ridley Avenue Lagrange Lagrange, GA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Approximately 18,600 SF (leasable space) three‑story mixed‑use office & retail building; Main lobby includes an elevator plus multiple staircases providing access to all three floors; Situated on a 0.52‑acre city/corner lot with parking lot paved parking
