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Property profile & analytics
OFF-MARKET
Retail space

105 Robert Toombs Ave Washington, GA 30673-1737

6,480 SF 0.26 ac lot Built 1912
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US22-2874590
Property summary
AI-generated overview

This exceptional 10,080 square foot commercial building, constructed in 1912, sits on a 0.26-acre lot in the heart of historic downtown Washington, Georgia. Its prime location ensures high visibility and significant foot traffic. Currently generating reliable rental income from three office spaces with prominent road frontage, this property presents an immediate return on investment. The existing tenants provide a stable income stream, while the substantial square footage offers significant potential for future development and expansion. Imagine converting the upper levels into residential apartments, maintaining the valuable commercial space on the ground floor. A private rear parking area adds considerable convenience and value. The asking price of $179,000 makes this a compelling opportunity for investors seeking a blend of immediate income and long-term growth potential. This property offers a unique chance to own a piece of Washington's rich history, capitalizing on both its established commercial viability and its untapped residential potential. The building's size and location make it an ideal investment for those seeking a strong return and the possibility of future development in a thriving downtown area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1912
Total area 6,480 SF
Lot 0.26 ac (11,326 SF)
Zoning code C3
APN W23- -030
UPID US22-2874590
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • First Baptist Church Church
  • The Ark Family Recreation Center Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Poke Loke Holdings LLC · 2 yrs held
Poke Loke Holdings LLC
since 2023
Last sale
$95,000
4 recorded transactions
2023
$152,281
2022
$100,000
2020
$75,000
2018
Price N/A
Zoning & alternative use
C3 · Washington, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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