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    5176 Ga-22 Sparta, GA 31087

    Sponsored
    For Sale
    $325,000

    8.5-acre retail complex, three buildings.

    Property size:
    4,920 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity encompasses a 8.5-acre parcel featuring three buildings totaling 4,920 square feet. The property includes a 1,300 square foot convenience store, a 1,820 square foot former restaurant, and a 1,800 square foot motel. All buildings were constructed in either 1960 or 2002 and are in need of renovation. The property boasts ample graveled parking. Located in Hancock County, Georgia, this property offers convenient access to both Sparta (6 miles) and Milledgeville (17 miles). The asking price is $325,000, translating to $66.06 per square foot. The seller is open to exploring a long-term lease option and may consider owner financing with a significant down payment. This presents a unique chance to acquire a substantial property with significant upside potential for the right investor. The property's size and location make it ideal for redevelopment or repositioning within the thriving Sparta market. The existing structures provide a solid foundation for a variety of commercial ventures. Don't miss this chance to acquire a prime piece of Georgia real estate. The address is 5176 GA-22, Sparta, GA 31087.

    Property Features for 5176 Ga-22

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,920 SF
    Lot Size
    370,260 SF

    Building Details

    Buildings
    3

    HighLights

    • 8.5‑acre parcel with three buildings totaling 4,920 square feet.
    • Buildings include a 1,300 SF convenience store, a 1,820 SF former restaurant, and an 1,800 SF motel.
    • Buildings constructed in 1960 and 2002, requiring renovation.
    • Ample graveled parking.
    • Located in Hancock County, GA, near Sparta (6 miles) and Milledgeville (17 miles).
    • Asking price: $325,000 ($66.06/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Sparta
    County
    Hancock
    State
    Georgia
    Longitude
    -83.075119875654
    Latitude
    33.216267902705

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    FAQs

    What type of property is this?
    Individual retail property - 8.5-acre retail complex, three buildings.
    Where is this individual retail property located?
    The property is located at 5176 Ga-22 Sparta, GA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 8.5-acre parcel with three buildings totaling 4,920 square feet.; Buildings include a 1,300 SF convenience store, a 1,820 SF former restaurant, and an 1,800 SF motel.; Buildings constructed in 1960 and 2002, requiring renovation.
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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
    5176 Ga-22 Sparta, GA 31087
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