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    71 Park Ave Griffin, GA 30223

    For Sale
    $385,000

    19,200 SF Flex Warehouse, Great Investment

    Property size:
    19,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 19,200-square-foot industrial building in Griffin, Georgia, presents a compelling investment opportunity. Situated on a two-acre lot, this property offers significant potential. The building, a four-sided brick structure, is currently vacant and requires some work, but a recent appraisal valued it at over $400,000. Security features include a fenced perimeter with a locked gate and a camera system. The property benefits from its location near key infrastructure, including Interstate 75 (nine miles), the new River Park industrial park (nine miles), and downtown Griffin (two miles). Furthermore, its proximity to a new airport (within two miles) promises future value appreciation. The property is partially zoned C-2 and R-5, within the Mill Village overlay, offering diverse development possibilities. The asking price is $385,000. Electricity is available on site. This flex/warehouse space offers a unique blend of potential and strategic location.

    Property Features for 71 Park Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    19,200 SF
    Lot Size
    87,120 SF

    HighLights

    • Recently appraised at over $400,000.
    • New airport under development within two miles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Griffin
    County
    SPALDING
    State
    Georgia
    Longitude
    -84.236817918036
    Latitude
    33.241539363466

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    FAQs

    What type of property is this?
    Distribution property - 19,200 SF Flex Warehouse, Great Investment
    Where is this distribution property located?
    The property is located at 71 Park Ave Griffin, GA.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Recently appraised at over $400,000.; New airport under development within two miles.;
    Request Owner's contact information
    71 Park Ave Griffin, GA 30223
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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
    71 Park Ave Griffin, GA 30223
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