Technical
Financial
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Property profile

558 8Th St Griffin, GA 30224

OFF-MARKET
Land
0.53 ac lot
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Property summary

AI-generated overview

This exceptional 0.53-acre commercial land parcel presents a unique investment opportunity in Griffin, Georgia. Ideally situated just one block from Wellstar Spalding Regional Medical Center, this level, square lot boasts 165 feet of frontage on S 8th St, providing excellent visibility and accessibility. The property's address is 558 S 8th St, Griffin, GA 30224, and its APN is 023 16012A. Zoned PCD, this site is perfectly suited for the development of a medical office building, capitalizing on the high demand for healthcare services in the area. All utilities are readily available, simplifying the construction process and minimizing development costs. The location's proximity to the hospital creates an irreplaceable advantage, ensuring high patient traffic and a strong potential for rental income or immediate occupancy. This is a rare opportunity to acquire a prime piece of commercial real estate in a thriving medical corridor. The asking price for this exceptional property is $225,000.

Property profile

Verified
Property type Land
Lot 0.53 ac (23,087 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

558 8Th St Griffin, GA 30224
Griffin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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