Property profile

123 5th St Griffin, GA 30223

OFF-MARKET
Auto shops
Property ID
US22-2702402
2,744 SF 0.11 ac lot Built 1968
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1968
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,744 SF
Lot 0.11 ac (4,792 SF)
Zoning code CBD
APN 017 -45-007
UPID US22-2702402

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

123 5th St Griffin, GA 30223-3403
Griffin metro Census 160900 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2024
Last sale
$275,000
5 recorded transactions
2024
Price N/A
2024
$275,000
2021
Price N/A
2021
$215,000
2017
$132,000

Zoning & alternative use

CBD · Griffin, GA
Zoning description

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…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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