232 Main St Cedartown, GA 30125
- Retail space
- 6,060 SF
- 0.08 lot acres
Current Use by Public Records
- Retail space
Property Details for 232 Main St
- Year built
- 1900
- Lot size
- 0.08 lot acres
- Property size
- 6,060 SF
- Property type
- Retail space
- APN
- C20-085-
- APU
- C20085
Description
This exceptional 6,060 square foot commercial building is strategically located on a corner lot at 232 Main Street in Cedartown, Georgia, ensuring high visibility and accessibility. The main floor, boasting 3,030 square feet, features convenient front, side, and rear entrances, ideal for a variety of retail or commercial uses. Currently, the first floor is leased, providing immediate income potential. The upper levels offer significant expansion opportunities. A spacious 3,030 square foot second floor with abundant windows presents a prime location for development into apartments or additional commercial space. The property also includes a mezzanine level, adding further versatility. Five-meter bases are already in place, catering to both retail and residential uses. The building benefits from a recently installed 30-year roof (2022) and a new HVAC system on the main level (2023), minimizing maintenance concerns. Parking is readily available with two spaces directly associated with the building, supplemented by nine public parking spaces on a nearby side street and a public parking lot situated behind the property. This 0.08-acre property is zoned rural, making it eligible for attractive tax credits including job tax credits, investment tax credits, and rehabilitation tax credits, offering significant financial advantages for the buyer. This prime location and versatile layout make this property an excellent investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $210,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $330,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $275,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $255,000
- Mixed-Use
- $290,000
- Hospitality
- $315,000
- Educational
- $325,000
- Residential Income
- $300,000
- Energy
- $250,000
- Income-Based Land
- $340,000
- Food Service
- $275,000
Location Insight
- Map
- Local Demand
- City
- Cedartown
- County
- Polk
- State
- Georgia
- Longitude
- -85.2553
- Latitude
- 34.0121
- CBSA code
- 16340
- CBSA name
- CEDARTOWN, GA MICROPOLITAN STATISTICAL AREA
