311 Jonah Ln Jasper, GA 30143
- Retail properties
- 1,000 SF
- 1.96 lot acres
Current Use by Public Records
- Retail properties
Property Details for 311 Jonah Ln
- Year built
- 2018
- Lot size
- 1.96 lot acres
- Property size
- 1,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents two, four-unit brick buildings totaling 8,000 square feet of rentable space in Jasper, Georgia. Each unit offers 1,000 square feet, featuring office, warehouse, and bathroom amenities. Convenient rear delivery doors enhance operational efficiency. Situated on a spacious 1.96-acre lot, this property boasts a prime location adjacent to a new 143-unit apartment complex currently under construction, ensuring a robust tenant pool and high occupancy potential. The buildings, constructed in 2018, are classified as Class B and are zoned for commercial use. Currently, the property has a 50% occupancy rate with eight units, each under a two-year lease at $1,500 per month. The lease type is NNN, and tenants are credit-rated. The asking price is $1,500,000, representing a compelling sale/leaseback investment with long-term potential. The limited availability of comparable small-space rentals (1,000 sq ft) in Jasper, GA, further strengthens this investment's appeal. This property offers an ideal opportunity for investors seeking a stable income stream and significant upside potential in a rapidly developing area. The property features four parking spaces per unit. The property is owned by Jonah Lane Commercial LLC and the APN is 030D 094 027.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jasper
- County
- Pickens
- State
- Georgia
- Longitude
- -84.4543
- Latitude
- 34.4736
