Convenience Store Retail
For Sale
$449,000
311 Vernon Street, Lagrange, GA 30240
COMMERCIAL - Lagrange, GA
Property Size2,478 SF
Lot Size0.25 Acres
Price / SF$181.19
Days on Market92
Property Features for 311 Vernon Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City Lot, Corner Lot
Directions
From I-85: Take Exit 18 for GA-109/Lafayette Pkwy. Head West: Travel toward downtown LaGrange on Lafayette Pkwy. Continue Straight: Proceed through the downtown square as the road transitions into Vernon St. Arrival: The property at 311 Vernon St will be on your right, shortly after the intersection with N Greenwood St
Standard status
Active
APN
0614A022001
Size
2,478 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
3397
Utilities
Utilities
Water Available
Sewer type
Private Sewer
Heating system
Central, Forced Air, Natural Gas
Cooling system
Electric, Attic Fan
Water source
Public
Amenities
wheelchair-accessible entrance
Building Details
Year built
1960
Building materials
Vinyl Siding
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Mukeshkumar Rajput · License #433724
(201) 912-7779
Added: Apr 30
Changed: Jul 28
Last Checked: Jul 30 at 11:06PM
MLS# 10755023
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.
Investment Insights
Based on property information with market context.
This for-sale commercial building is currently operating as a convenience store and smoke shop. The property includes durable concrete flooring, a sturdy metal roof, and a wheelchair-accessible entrance. The building sits on a 0.25-acre lot and totals 2,478 square feet, offering a straightforward layout for retail or service uses consistent with its corridor mixed-use zoning.
Located at 311 Vernon Street in LaGrange, Georgia, the site is described as being in the heart of LaGrange and positioned in a growing corridor of Troup County. The property benefits from high-visibility positioning and proximity to other major retail and industrial hubs.
Zoned 16-CR-MX (Corridor Mixed-Use), the building provides flexibility for retail or professional service applications. This combination of an operating convenience retail setup and mixed-use zoning supports a range of potential buyer and tenant scenarios.
Located at 311 Vernon Street in LaGrange, Georgia, the site is described as being in the heart of LaGrange and positioned in a growing corridor of Troup County. The property benefits from high-visibility positioning and proximity to other major retail and industrial hubs.
Zoned 16-CR-MX (Corridor Mixed-Use), the building provides flexibility for retail or professional service applications. This combination of an operating convenience retail setup and mixed-use zoning supports a range of potential buyer and tenant scenarios.
Key Highlights
- 2,478 SF commercial building on a 0.25‑acre lot, built in 1960
- Currently operating as a convenience store and smoke shop
- Zoned 16‑CR‑MX (Corridor Mixed‑Use), suitable for retail or professional service uses
Financial Insights For Specialty 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 | $45.2k | $18.24 |
| − Vacancy | −$2.1k | −$0.84 |
| EGI | $43.1k | $17.40 |
| − OpEx | −$10.8k | −$4.35 |
| NOI | $32.3k | $13.05 |
2,478 SF · lease $18.24/SF/yr · vacancy 4.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$462.0K
$404.3K – $539.0K
NOI $32,340 @ 7.0% cap · market cap 7.20%
Second Best
Retail
$431.2K
$377.3K – $503.1K
NOI $30,184 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$554.5K
$485.2K – $646.9K
NOI $38,812 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lupitas Latino Supermarket — 310 Greenville St, LaGrange, GA 30241
- Mi Pueblito Supermarket Deli & Taqueria — 310 Greenville St, LaGrange, GA 30241
- Piggly Wiggly — 505 S Greenwood St, LaGrange, GA 30240
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail building currently operating as a convenience store and smoke shop with a wheelchair-accessible entrance.
Where is this grocery and convenience store located?
The property is located at 311 Vernon Street Lagrange, GA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,478 SF commercial building on a 0.25‑acre lot, built in 1960; Currently operating as a convenience store and smoke shop; Zoned 16‑CR‑MX (Corridor Mixed‑Use), suitable for retail or professional service uses
