Property summary
This exceptional investment opportunity presents a 30,857-square-foot retail shopping center and storefront complex located at 1400 Eatonton Rd, Madison, GA 30650. The property, encompassing four buildings on a single story, boasts 22 units with 100% occupancy, generating a strong net operating income (NOI) of $217,925 and a 4.74% cap rate. Built in 1978 and renovated in 2011, this Class B property operates under a gross lease structure. The property is zoned C2 and features ample parking. The asking price is $4,600,000. This multi-tenant retail center offers a proven track record of successful tenancy in a thriving Madison, Georgia market. Adding to its appeal, the sale includes two vacant tracts of land totaling 5.55 buildable acres situated behind the main plaza, presenting significant future development potential. This well-maintained property provides a solid foundation for continued growth and strong returns, making it an ideal acquisition for investors seeking a high-performing asset in a desirable location. The property's parcel number (APN) is 036E003000. This is a rare opportunity to acquire a fully occupied, high-performing retail center with significant expansion potential.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Auto Parts Store
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HVAC Service General Contractor
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Nail Salon
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Insurance Agency
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Pharmacy
Location
Value estimations
Owner & transaction history
Zoning & alternative use
(C-3), and Interstate Commercial District (C-4). 620.1 General Provisions. In these commercial zoning districts, no building shall be erected, remodeled, extended, constructed, reconstructed, moved, or structurally alter…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C3 · Madison, GA(C-3), and Interstate Commercial District (C-4). 620.1 General Provisions. In these commercial zoning districts, no building shall be erected, remodeled, extended, constructed, reconstructed, moved, or structurally alter…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
(C-3), and Interstate Commercial District (C-4). 620.1 General Provisions. In these commercial zoning districts, no building shall be erected, remodeled, extended, constructed, reconstructed, moved, or structurally alter…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C3 in Madison, GA.
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