Historic Live-Work
For Sale
$849,000
270 S Main Street, Madison, GA 30650
Commercial Sale, Madison, GA
Property Size5,000 SF
Lot Size0.58 Acres
Price / SF$169.80
Days on Market954
Property Features for 270 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
City Lot
Directions
GPS
Standard status
Active
APN
M19 044
Size
5,000 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
3802
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1895
Building materials
Wood Siding
Listing Agency:
Madison Realty
(706) 342-0693
Listed By:
Ashley Hunt · License #247464
(706) 474-2467
Added: Mar 7, 2024
Changed: Oct 16
Last Checked: Oct 17 at 12:06AM
MLS# 10873848
Copyright © 2026 Georgia Multiple Listing Service. 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.
Built in 1895, this 5,000-square-foot property has a two-level layout that can accommodate professional or limited-commercial use on the main floor and residential living above, subject to city approval. Interior details include hardwood floors, tall ceilings, antique glass windows, and pocket doors. A full dirt basement provides additional space, and paved parking is available at the rear.
The 0.58-acre property is zoned P-2 and has public water and sewer service. Restrictions apply to restaurant and food-service uses, and proposed uses require city approval.
The 0.58-acre property is zoned P-2 and has public water and sewer service. Restrictions apply to restaurant and food-service uses, and proposed uses require city approval.
Key Highlights
- 5,000‑square‑foot property on 0.58 acres
- P‑2 zoning
- Built in 1895
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,955
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,339,100
$1.3M
Cap Rate 7%
$956,500
$956.5K
Cap Rate 9%
$743,944
$743.9K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$119.4K $23.87/SF
− Vacancy
−$30.1K −$6.02/SF
EGI
$89.3K $17.85/SF
− OpEx
−$22.3K −$4.46/SF
NOI
$67.0K $13.39/SF
Area
Morgan County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,339,100
Cap Rate 7%
$956,500
Cap Rate 9%
$743,944
Alternative Uses
Best Use
Office B
$956.5K
$836.9K – $1.12M
NOI $66,955 @ 7.0% cap · market cap 7.89%
Second Best
Mixed Use
$867.9K
$759.4K – $1.01M
NOI $60,750 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,838 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Explore this area
Business Placement
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - The two-level layout can support professional or limited-commercial use downstairs and residential living upstairs, subject to city approval.
Where is this live-work space located?
The property is located at 270 S Main Street Madison, GA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 5,000‑square‑foot property on 0.58 acres; P‑2 zoning; Built in 1895
