Corner Retail Lot and
201 New Franklin Road Lagrange, GA 30240
201 New Franklin Road, Lagrange, GA, 30240
$369,900
For Sale
$369,900
Corner commercial lot with a car-lot setup, curb cuts on New Franklin Rd and West Bacon St, plus a 2,000+ sf showroom building.
Property Size2,014 SF
Price / SF$183.66
Days on Market173
Property Features for 201 New Franklin Road
General Information
- Standard status
- Active
- Size
- 2,014 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1972
Listing agency
RE/MAX Results
(706) 523-0014
Listed by
Rob Upchurch · License #202341
(706) 523-0014
Source
Xome
Added: Jan 30 Updated: Jul 22 at 11:42AM Checked: Jul 22 at 11:42AM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This corner commercial property is currently operated as a car lot and includes a curb cut on both New Franklin Rd and West Bacon St. The site has 14 parking spaces and a small showroom building with office space, storage, and a restroom.
Only the real estate is for sale; the business is not included in the transaction. The property is identified as 16-CR-Mx.
The improvements are configured to support retail-style showroom operations alongside practical back-of-house space for staff and storage, with parking available on site for customer access.
Only the real estate is for sale; the business is not included in the transaction. The property is identified as 16-CR-Mx.
The improvements are configured to support retail-style showroom operations alongside practical back-of-house space for staff and storage, with parking available on site for customer access.
Key Highlights
- Corner commercial property currently set up for a car lot, with parking and parking spaces.
- Curb cuts provide access from New Franklin Rd and West Bacon St.
- Building is just over 2,000 SF and includes a showroom, office space, storage, and restroom.
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 | $36.7k | $18.24 |
| − Vacancy | −$1.7k | −$0.84 |
| EGI | $35.0k | $17.40 |
| − OpEx | −$10.5k | −$5.22 |
| NOI | $24.5k | $12.18 |
2,014 SF · lease $18.24/SF/yr · vacancy 4.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$350.5K
$306.7K – $408.9K
NOI $24,532 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.6K
$394.3K – $525.7K
NOI $31,544 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rid'N Steady
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- Rugs and Blinds — 203 N Lewis St, LaGrange, GA 30240
- Floors on Commerce — 123 Commerce Ave, LaGrange, GA 30241
- Resilient Flooring Institute — 115 Broad St # 201, LaGrange, GA 30240
FAQs
What type of property is this?
Showroom - Corner commercial lot with a car-lot setup, curb cuts on New Franklin Rd and West Bacon St, plus a 2,000+ sf showroom building.
Where is this showroom located?
The property is located at 201 New Franklin Road Lagrange, GA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Corner commercial property currently set up for a car lot, with parking and parking spaces.; Curb cuts provide access from New Franklin Rd and West Bacon St.; Building is just over 2,000 SF and includes a showroom, office space, storage, and restroom.
