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Property profile

12739 Broad St Sparta, GA 31087

OFF-MARKET
Retail space
Property ID
US22-3386457
1,352 SF 0.14 ac lot Built 1905
Individually Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This renovated 1,400 square foot commercial building in downtown Sparta, Georgia, presents a unique investment opportunity. Located on Broad Street, this property boasts 10-foot ceilings, all utilities available, and ample street parking. The 0.14-acre lot features approximately 25 feet of frontage on Broad Street, a high-traffic area with 8,420 vehicles per day. Previously a retail auto parts store, the interior has been completely renovated, showcasing exposed brick walls, large front windows, and a double front door. Its versatile layout is ideal for a variety of uses, including professional offices, retail spaces, restaurants, studios, or bakeries. The property's prime location in downtown Sparta places it within a short distance of government buildings, medical facilities, and numerous other businesses. Its proximity to Milledgeville (less than 30 minutes away) adds to its appeal. The Hancock County location offers a strong sense of community and a supportive business environment. The property's Commercial zoning allows for a wide range of potential uses, making it an attractive investment for both established businesses and entrepreneurs. The asking price is $79,000, with annual city taxes of $328. The parcel ID is S003 045. This property offers a blend of historic charm and modern functionality, making it a compelling opportunity for those seeking a well-located and versatile commercial space.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1905
Construction CONCRETE
Total area 1,352 SF
Lot 0.14 ac (6,098 SF)
Zoning code RESIDENTIAL
APN S003 045
UPID US22-3386457

Cap rate & NOI

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

Location

12739 Broad St Sparta, GA 31087-1734
Sparta metro Census 480400 MILLEDGEVILLE, GA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2009
1 recorded transaction
2009
Price N/A

Zoning & alternative use

RESIDENTIAL · Sparta, GA

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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