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    123 5th St Griffin, GA 30223-3403
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    Property profile & analytics

    123 5th St, Griffin, GA 30223-3403

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    • Auto shops
    • 2,744 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Sep 26, 2024
    $275,000
    Property ID
    US22-2702402
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Speedway Towing Auto Sales / Car Dealership

    Property Details for 123 5th St

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Zone code
    CBD
    Property type
    Auto shops
    APN
    017 -45-007
    APU
    1745007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 26, 2024 — Brooke Howell Alba 5th St Garage Property Holding Quit Claim Deed · related $291k · United Bank
    Sep 24, 2024 $275,000 Robert Howell Alba 5th St Garage Property Holding Warranty Deed —
    Jun 9, 2021 — Alba 5th St Garage Property Holding Brian Remington Warranty Deed —
    Apr 30, 2021 $215,000 Brian Remington Marksmen Real Estate LLC Warranty Deed —
    Jun 6, 2017 $132,000 Marksmen Real Estate LLC Thompkins,tony W & Suzanne B Grant Deed —

    Description

    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.


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    Location Insight

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    • Local Demand
    City
    Griffin
    County
    Spalding
    State
    Georgia
    Longitude
    -84.2608
    Latitude
    33.2479
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,364
    $7,920
    $76,264
    $84,184
    -
    $19,800
    $190,660
    $210,460
    More about this property
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