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    FOR SALE
    Outlet malls

    21 Midget Dr, Toccoa, GA 30577

    21,280 SF 2.32 ac lot Built 1965
    Individually Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US22-1956476
    Property summary
    AI-generated overview

    This exceptional commercial property at 21 Midget Drive, Toccoa, Georgia presents a unique investment opportunity. Boasting a highly visible corner location at the intersection of Midget Drive and Mize Road, this property offers easy access and high traffic exposure. The main building comprises 5,320 square feet across two stories, featuring a fully equipped kitchen and grease trap, making it suitable for a wide range of food service or retail businesses. The property sits on a generous 2.32-acre lot, providing ample space for expansion or outdoor activities. In addition to the main building, the property includes several covered sheds and utility buildings, offering versatile storage options. The extensive paved asphalt lot ensures ample parking for customers and employees. The property is zoned C3 commercial (B-11), allowing for a variety of commercial uses. Its proximity to downtown Toccoa, less than a mile away, provides easy access to the city's amenities and vibrant community. This property is priced at $1,200,000 and offers a rare combination of size, location, and versatility, making it an ideal investment for discerning buyers seeking a strong foothold in the Toccoa market. The total building square footage is 10,640 square feet.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1965
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 21,280 SF
    Lot 2.32 ac (101,059 SF)
    Zoning code B-II
    APN T22 084
    UPID US22-1956476
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Chris Brown · 8 yrs held
    Chris Brown
    since 2018
    5 recorded transactions
    2018
    $110,000
    2015
    $95,000
    2013
    2013
    $141,000
    1969
    Zoning & alternative use
    B-II · Toccoa, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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