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Property profile & analytics
OFF-MARKET
Retail space

109 Gordon St Thomaston, GA 30286-4168

4,892 SF 0.11 ac lot Built 1915
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US22-1797645
Property summary
AI-generated overview

This exceptional fee-simple commercial property presents a unique investment opportunity in the heart of Thomaston, Georgia. Located at 109 W Gordon St, this 4,892 square foot restaurant building sits on a 0.11-acre lot and boasts a rich history, having been built in 1915 and renovated in 1985. The property is zoned C3, offering flexibility for a variety of uses. Ample parking is available both on the town square and in a nearby city-owned lot. The building's prime location benefits from recent growth in the downtown area, with several new businesses opening nearby. The City of Thomaston offers grant funding to assist with building facade improvements, adding further value to this investment. The property's size and location make it suitable for a large retail store, restaurant, recreational facility, or an outdoor goods store, given the proximity to the Flint River and a state park within Upson County. The asking price is $445,000, translating to $90.96 per square foot. The property is sold "as is." This is a rare chance to acquire a substantial commercial property in a thriving Georgia town. Don't miss this opportunity to own a piece of Thomaston's history and future.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1915
Construction FRAME
Total area 4,892 SF
Lot 0.11 ac (4,792 SF)
Zoning code DT
APN T23-220
UPID US22-1797645
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
  • Amari Zuniga Salon Medical Clinic
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
Virgil W Heath · 4 yrs held
Virgil W Heath
since 2022
Last sale
$130,000
6 recorded transactions
2022
$130,000
2020
Price N/A
2019
Price N/A
2005
$150,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
DT · Thomaston, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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