Property summary
This exceptional retail property, located at 123 S 5th St in Griffin, Georgia, presents a compelling investment opportunity. The building, constructed in 1968, boasts 2,744 square feet of space situated on a 0.11-acre lot. Its prime location in the Central Business District (CBD) zoning area places it just blocks from Griffin's downtown core, offering excellent visibility and accessibility. Currently occupied by a tenant, this property provides immediate cash flow potential. The building features seven doors/bays, historically used as an automobile garage, offering versatile options for future use. The asking price is $345,000, translating to a price per square foot of $125.73. This represents a strong value proposition in a thriving Georgia market. The property's single building structure simplifies management and maintenance. Further details are available upon request. This is an ideal opportunity for investors seeking a stable, income-generating asset in a desirable location. The property's history as a long-time automobile garage suggests potential for various retail or commercial uses, subject to local zoning regulations. Serious inquiries are encouraged to explore this promising investment. The zip code is 30224, and the property is located in Spalding County.
Property profile
VerifiedCap rate & NOI
Current use
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Car Dealership
Location
Value estimations
Owner & transaction history
Zoning & alternative use
It shall be the intent of this zoning district to promote and encourage the development and protect the viability of the downtown commercial area of the city, The regulations which apply within this district are designed…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CBD · Griffin, GAIt shall be the intent of this zoning district to promote and encourage the development and protect the viability of the downtown commercial area of the city, The regulations which apply within this district are designed…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
It shall be the intent of this zoning district to promote and encourage the development and protect the viability of the downtown commercial area of the city, The regulations which apply within this district are designed…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBD in Griffin, GA.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning