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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1556 Hwy Newnan, GA 30263

1,862 SF 5.04 ac lot Built 1910
Property ID
Property summary
AI-generated overview

This exceptional 5.04-acre property, located at 1556 Highway 29N in Newnan, Georgia (zip code 30263), presents a unique commercial investment opportunity. The site currently features a 1,862 square foot, circa 1910 bungalow-style home with three bedrooms and two bathrooms. While the home has a living room with fireplace and gas heater, formal dining room, kitchen with appliances and walk-in pantry, and den with pine paneling, it is being sold "as is" with no disclosure and no furnishings included. The property also includes a detached double garage with remote access, and an old garage. Note that an upstairs bedroom lacks heating and air conditioning. The property is mostly wooded and features a circular drive off a roundabout. An in-ground pool has been filled in. Currently zoned RC (Rural Conservation), this property boasts significant potential for commercial rezoning, given its prime location adjacent to a convenience store, vegetable vendor, and church, and backing up to a subdivision. Public sewer is available nearby and may be accessible for commercial use at the buyer's expense, pending rezoning, per Coweta County Water Authority. Public sewer is not available for residential use at this location. The asking price for this exceptional property is $650,000. This is a rare chance to acquire a substantial parcel of land with high commercial potential in a thriving area.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1910
Total area 1,862 SF
Lot 5.04 ac (219,542 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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