103 Colquitt St, Sparks, GA 31647
- Retail space
- 1,128 SF
- 0.04 lot acres
Current Use by Public Records
- SPARKS INSURANCE AGENCY / Insurance Agency
Property Details for 103 Colquitt St
- Year built
- 1901
- Lot size
- 0.04 lot acres
- Property type
- Retail space
- APN
- S009-062
- APU
- S009062
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 30, 2018 | — | Mb Browning Homes INC | Vulcan All Steel Structure | Warranty Deed | — |
Description
This exceptional investment opportunity presents six individual storefronts totaling 9,151 square feet, situated on a 0.26-acre lot at the highest traffic intersection in Sparks, Georgia – the corner of Colquitt Street and South Goodman Street. Each storefront ranges in size from 1,144 to 2,825 square feet, offering flexibility for a variety of uses. The property's historic character presents a unique chance to leverage state and federal historic tax credits, potentially covering 80% of renovation costs. This allows for a significant return on investment through restoration and adaptive reuse. Alternatively, the property is well-suited for complete redevelopment, allowing for the construction of a new building tailored to modern needs. Furthermore, there's potential for expansion by assembling this property with an adjacent parcel, creating an even larger development footprint. The sale includes six individual parcels: 101, 103, 105, 107, 109, and 111 Colquitt Street. Seller financing is available, making this a compelling opportunity for investors seeking a high-impact project in a thriving downtown location. This property offers a rare blend of historical significance and significant redevelopment potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Sparks
- County
- Cook
- State
- Georgia
- Longitude
- -83.437
- Latitude
- 31.1672
