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    3590 Highway 42 Locust Grove, GA 30248

    Sponsored
    For Sale
    $3,850,000

    Prime Corner Lot, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property in Locust Grove, Georgia, presents a unique investment opportunity. Located at 3590 Highway 42, this 4.66-acre lot boasts an impressive 974 feet of road frontage, offering unparalleled visibility and accessibility. The property includes three buildings constructed in 1908, providing a solid foundation for a variety of commercial ventures. Its strategic location directly across from the Locust Grove Municipal Complex ensures high traffic volume and a prominent presence within the community. The property is zoned for retail, office, and restaurant uses, making it highly versatile and adaptable to diverse business needs. Its proximity to major thoroughfares, including I-75 and the Tanger Outlet Mall (both within one mile), further enhances its appeal to businesses seeking high visibility and convenient access. All utilities are readily available on-site, simplifying development and operational costs. The asking price for this exceptional property is $3,850,000. This is a rare opportunity to acquire a well-positioned commercial property with significant development potential in a thriving Georgia community. The property's mixed-use zoning (Medical Office and Residential) allows for flexibility in development plans.

    Property Features for 3590 Highway 42

    General Information

    Property type
    Medical offices
    Lot Size
    202,990 SF

    Building Details

    Year Built
    1908
    Buildings
    3

    HighLights

    • $3,850,000 asking price.
    • Office and land property with three buildings.
    • 4.66‑acre lot in Locust Grove, GA.
    • Built in 1908.
    • Prime corner lot with high visibility near I‑75 and Tanger Outlet Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Locust Grove
    County
    Henry - GA
    State
    Georgia
    Longitude
    -84.1143034
    Latitude
    33.3537457

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Medical office - Prime Corner Lot, High Visibility
    Where is this medical office located?
    The property is located at 3590 Highway 42 Locust Grove, GA.
    What is the asking price?
    The asking price for this property is $3,850,000.
    What are key features of this property?
    This property features: $3,850,000 asking price.; Office and land property with three buildings.; 4.66-acre lot in Locust Grove, GA.
    Request Owner's contact information
    3590 Highway 42 Locust Grove, GA 30248
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    Locust Grove, GA 30248
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3590 Highway 42 Locust Grove, GA 30248
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