Highway Business Zoned Land
1862 Railroad Street Statham, GA 30666
New
1862 Railroad Street, Statham, GA, 30666
$648,750
For Sale
$648,750
SINGLE_FAMILY - Statham, GA
Property Size1,424 SF
Lot Size5.19 Acres
Price / SF$455.58
Days on Market2
Property Features for 1862 Railroad Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- 004
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3
- Parking
- 4
- Appliances
- Electric Water Heater, Microwave, Oven, Range, Refrigerator
- Standard status
- Active
- APN
- ST02-082
- Size
- 1,424 SF
- Lot size
- 5.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- MULBERRY ST
- Tax Annual Amount
- 2045
Utilities
- Sewer type
- Public Sewer, Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1932
- Floors in Building
- 1
- Building materials
- Wood Siding
Listing agency
RAC Properties of Athens, Inc.
(706) 355-3178
Listed by
Ellen West · License #407755
(678) 243-8187
Added: Jul 22 Checked: Jul 23 at 4:06AM
MLS# CL360986
Copyright © 2026 Hive MLS. 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 offering includes a 5.19-acre parcel of Highway Business-zoned land with an existing home on the property. The residence is described as grandfathered for residential use through continual occupancy and is currently leased, providing rental income while planning for development. The tract is presented as having flexibility for a range of commercial uses consistent with the Highway Business zoning.
The property is located in Barrow County in Statham, Georgia, at 1862 Railroad Street, and is described as being just off Atlanta Highway SE. The listing also emphasizes the site’s suitability for commercial development given the existing zoning in place.
The landlord is offering a property configuration that combines the commercially zoned land with an income-producing, grandfathered residential component on-site, supporting a phased approach as you evaluate your end use within the Highway Business zoning framework.
The property is located in Barrow County in Statham, Georgia, at 1862 Railroad Street, and is described as being just off Atlanta Highway SE. The listing also emphasizes the site’s suitability for commercial development given the existing zoning in place.
The landlord is offering a property configuration that combines the commercially zoned land with an income-producing, grandfathered residential component on-site, supporting a phased approach as you evaluate your end use within the Highway Business zoning framework.
Key Highlights
- 5.19‑acre Highway Business–zoned parcel off Atlanta Highway SE, with flexibility to purchase part or the entire tract
- Residential use is grandfathered through continual occupancy; home is currently leased for $1,450/month
- Home includes electric water heater plus appliances: microwave, oven, range, and refrigerator
Local 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 | $37.1k | $26.04 |
| − Vacancy | −$2.3k | −$1.61 |
| EGI | $34.8k | $24.43 |
| − OpEx | −$15.7k | −$10.99 |
| NOI | $19.1k | $13.43 |
1,424 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$273.3K
$239.1K – $318.8K
NOI $19,130 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$398.1K
$348.3K – $464.4K
NOI $27,864 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Highway Business-zoned land parcel with an existing leased residence on-site.
Where is this commercial land located?
The property is located at 1862 Railroad Street Statham, GA.
What is the asking price?
The asking price for this property is $648,750.
What are key features of this property?
This property features: 5.19‑acre Highway Business–zoned parcel off Atlanta Highway SE, with flexibility to purchase part or the entire tract; Residential use is grandfathered through continual occupancy; home is currently leased for $1,450/month; Home includes electric water heater plus appliances: microwave, oven, range, and refrigerator
