Current Use by Public Records
- Warehouses
Property Details for 699 Short
- Year built
- 1980
- Lot size
- 0.78 lot acres
- Property type
- Warehouses
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a stabilized, multi-tenant retail and industrial property located at 699 Short Street, Thomaston, Georgia 30286. The Thomaston Shopping Center boasts 30,000 square feet of space, with 29,000 square feet net rentable, across a single, two-story building on a 0.78-acre lot. Currently 95% occupied by six tenants, the property offers a strong net operating income (NOI) of $72,000, resulting in an attractive 8.48% capitalization rate. The property features a mix of restaurant, bar, and warehouse spaces, reflecting its diverse tenant base. Leases are net, with a current term of two years, commencing April 1, 2023, and expiring April 1, 2025. The property includes 20 parking spaces and is zoned for commercial use. Built in 1980 and renovated in 2022, this property offers a blend of established infrastructure and recent upgrades. The asking price is $849,000, translating to $28.30 per square foot. This represents a compelling opportunity for investors seeking a stable, high-return property in a desirable location. The property is owned by Lorgan Properties LLC and is offered for sale by owner.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Thomaston
- County
- Upson - GA
- State
- Georgia
- Longitude
- -84.3279
- Latitude
- 32.9018
