Technical
Financial
Distress signals
Property profile

1306 W Solomon St Griffin, GA 30223

FOR SALE
Office buildings
Property ID
US22-1226307
1,740 SF 0.18 ac lot Built 1977
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses two adjacent commercial buildings situated at 1306 and 1308 W Solomon Street in Griffin, Georgia. The combined property offers a substantial 4182 square feet of versatile space, perfectly suited for a variety of commercial uses. The main building, located at 1306 W Solomon Street, boasts 1740 square feet of well-maintained office space. This building includes convenient amenities such as two restrooms and a fully equipped kitchen, providing ample functionality for employees or tenants. The adjacent building, situated at 1308 W Solomon Street, adds an additional 2442 square feet of space, presenting significant expansion potential or the opportunity to lease out separate units. The combined 0.18-acre lot provides ample parking and outdoor space. This property is priced competitively at $250,000, representing a compelling value for investors seeking a strong return on investment in a thriving Georgia market. The buildings are ready for immediate occupancy, offering a seamless transition for new owners. This is a rare opportunity to acquire a substantial commercial property in a desirable location. Don't miss out on this chance to own a piece of Griffin's commercial landscape.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1977
Construction WOOD FRAME
Total area 1,740 SF
Lot 0.18 ac (7,841 SF)
Zoning code PCD
APN 056 -04-010
UPID US22-1226307

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
  • Recording Studio

Location

1306 W Solomon St Griffin, GA 30223
Griffin metro Census 160800 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2023
Last sale
$245,000
5 recorded transactions
2023
Price N/A
2023
$245,000
2019
Price N/A
2018
$150,000
2002
$159,000

Zoning & alternative use

PCD · Griffin, GA
Zoning description

It shall be the intent of this zoning district to promote and encourage the clustering of commercial uses which occur along arterial thoroughfares; to promote and encourage the infill of commercial uses between existing…

General category COMMERCIAL

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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