Corner Storefront
For Sale
$565,000
1281 Eatonton Rd, Madison, GA 30650
Open interior configuration allows customization for a new commercial concept.
Property Size3,600 SF
Lot Size0.62 Acres
Price / SF$156.94
Days on Market77
Property Features for 1281 Eatonton Rd
General Information
Standard status
Active
Size
3,600 SF
Lot size
0.62 Acres
Property subtype
Commercial
Site & Location
Corner Location
Yes
Road Access
Yes
Building Details
Year Built
1948
Listing Agency:
Keller Williams Lake Oconee
Listed By:
Kevin Berry · License #357515
(404) 338-0106
Source:
Florida-georgia-realty
Added: Jul 29
Changed: Oct 1
Last Checked: Oct 12 at 8:22PM
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 Keller Williams Lake Oconee
Investment Insights
Based on property information with market context.
This storefront property includes an approximately 3,726-square-foot building on 0.62 acres, with an open interior that can be reconfigured for a future commercial use. Constructed in 1948, the building most recently served as a radio station and is offered in its current condition, providing a starting point for a customized buildout.
The property occupies a visible corner position at 1281 Eatonton Road in Madison, Georgia, between the city’s historic district and its primary shopping and commercial corridor. Its setting combines an established commercial address with proximity to historic Madison. Zoning, permitted uses, utilities, building dimensions, condition, and any historic-district or governmental requirements should be independently verified.
The property occupies a visible corner position at 1281 Eatonton Road in Madison, Georgia, between the city’s historic district and its primary shopping and commercial corridor. Its setting combines an established commercial address with proximity to historic Madison. Zoning, permitted uses, utilities, building dimensions, condition, and any historic-district or governmental requirements should be independently verified.
Key Highlights
- Approximately 3,726‑square‑foot storefront building on 0.62 acres
- Visible corner location at 1281 Eatonton Road
- Constructed in 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,635
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,700
$1.0M
Cap Rate 7%
$723,357
$723.4K
Cap Rate 9%
$562,611
$562.6K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$79.1K $21.96/SF
− Vacancy
−$6.7K −$1.87/SF
EGI
$72.3K $20.09/SF
− OpEx
−$21.7K −$6.03/SF
NOI
$50.6K $14.07/SF
Area
Morgan 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%
$1,012,700
Cap Rate 7%
$723,357
Cap Rate 9%
$562,611
Alternative Uses
Best Use
Retail
$723.4K
$632.9K – $843.9K
NOI $50,635 @ 7.0% cap · market cap 8.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$880.6K – $1.17M
NOI $70,444 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
37k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 75%
Shops & Services 24%
Ingles
Groceries
28,003 visits/mo
0.3 miles
Regions Bank
Shops & Services
3,108 visits/mo
0.4 miles
Chevron
Shops & Services
2,487 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
1,811 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
928 visits/mo
0.3 miles
Demographics for 30650, GA
13,631
Population
5,723
Households
2.4
Avg Household Size
43
Median Age
34%
College-Educated
93%
High-School Grad
229.9 sq mi
ZIP Area
59
Density / Sq Mi
$80,357
Median Household Income
$44,789
Median Earnings
$1,104
Median Rent
$314,300
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Open interior configuration allows customization for a new commercial concept.
Where is this storefront property located?
The property is located at 1281 Eatonton Rd Madison, GA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Approximately 3,726‑square‑foot storefront building on 0.62 acres; Visible corner location at 1281 Eatonton Road; Constructed in 1948
