Highway Business Zoned Land
For Sale
$648,750
1862 Railroad Street, Statham, GA 30666
Commercial Sale, Statham, GA
Property Size1,424 SF
Lot Size5.19 Acres
Price / SF$455.58
Days on Market94
Property Features for 1862 Railroad Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
004
Zoning description
Commercial
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1
Parking
4
Appliances
Electric Water Heater, Microwave, Oven, Range, Refrigerator
Directions
Take GA-10 Loop S, Atlanta Hwy, 3rd Ave and Atlanta Hwy SE to Mulberry St in Statham 16 min (10.9 mi) Drive to Railroad St
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
Legal Description
MULBERRY ST
Utilities
Sewer type
Public Sewer, Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
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
Changed: Oct 23
Last Checked: Oct 23 at 12:06PM
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.
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,130
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,600
$382.6K
Cap Rate 7%
$273,286
$273.3K
Cap Rate 9%
$212,556
$212.6K
Market Conditions
NOI Build-Up for 1,424 SF
Gross rent
$37.1K $26.04/SF
− Vacancy
−$2.3K −$1.61/SF
EGI
$34.8K $24.43/SF
− OpEx
−$15.7K −$10.99/SF
NOI
$19.1K $13.43/SF
Area
Barrow County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,600
Cap Rate 7%
$273,286
Cap Rate 9%
$212,556
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 authorities.
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Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Explore this area
Business Placement
Demographics for 30666, GA
10,726
Population
3,606
Households
3
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
35.6 sq mi
ZIP Area
301
Density / Sq Mi
$84,044
Median Household Income
$40,324
Median Earnings
$1,138
Median Rent
$285,300
Median Home Value
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Frequently Asked Questions
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
