105 Robert Toombs Ave Washington, GA 30673-1737
- Retail space
- 6,480 SF
- 0.26 lot acres
Current Use by Public Records
- First Baptist Church / Baptist Church
- The Ark / Youth Center
Property Details for 105 Robert Toombs Ave
- Year built
- 1912
- Lot size
- 0.26 lot acres
- Property size
- 6,480 SF
- Zone code
- C3
- Property type
- Retail space
- APN
- W23- -030
- APU
- W23030
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $100,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $120,000
- 6.5%
- $125,000
- 7%
- $120,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $125,000
- Geo Method
- $125,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $125,000
- Retail
- $105,000
- Mixed-Use
- $95,000
- Hospitality
- $90,000
- Educational
- $110,000
- Residential Income
- $100,000
- Energy
- $95,000
- Income-Based Land
- $125,000
- Food Service
- $100,000
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- Wilkes
- State
- Georgia
- Longitude
- -82.738
- Latitude
- 33.7371