Current Use by Public Records
- Land
Property Details for 7564 Us-29
- Lot size
- 4.05 lot acres
- Property type
- Land
Description
This 4.05-acre commercial lot in Hull, Georgia (APN 0031 076), zoned B, presents a compelling investment opportunity. Previously used for a landscape supply business (generating nearly $4,000 monthly lease income), the property boasts significant potential for various commercial and some industrial uses. The site features two existing concrete slabs, a gated and partially fenced perimeter, and a recently updated well with a new pump (installed last year). A new 400-amp power panel was also added last year. Seller financing is available with a 35% down payment. Conceptual plans exist for over 20,000 square feet of self-storage buildings on the cleared 2-acre portion of the lot. The property's current asking price is $350,000, projecting a pro-forma NOI of $40,000 and a pro-forma cap rate of 11.43%. There is a possibility of incorporating approximately 40 existing 8x20 storage containers (Boxwells) into the sale, though this would necessitate a price adjustment. This well-located property at 7564 US-29, Hull, GA 30646, offers exceptional flexibility and strong return potential for savvy investors. The fee-simple ownership provides complete control and long-term value.
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
- Hull
- County
- Madison
- State
- Georgia
- Longitude
- -83.2969
- Latitude
- 34.0439
