504 St Crawford, GA 30630
This exceptional 88,000 square foot commercial property, situated on a 9.79-acre lot at 504 N Street in Crawford, Georgia, presents a rare investment opportunity. The main building, a historically significant brick structure dating back to the turn of the century, boasts a substantial 65,000 square foot main floor warehouse space, complemented by a 15,000 square foot second floor and a 10,000 square foot basement with 10-foot ceilings. Its rich history includes uses as a cotton textile mill and sewing plant, showcasing its adaptability and resilience. A separate 2,000 square foot office building adds to the property's versatility. The property's current owner, one of the last remaining rope manufacturers in the United States, has operated the business from this location for many years. A significant portion of the roof was replaced within the last few years. This property offers immense potential for adaptive reuse, encompassing mixed-use business and residential development, or continued operation as a manufacturing facility. The sale includes the option to purchase the existing business. This is a unique chance to acquire a substantial piece of Crawford's history and capitalize on its significant potential for future growth and development. The asking price is $1,900,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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