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Property profile & analytics
OFF-MARKET
Retail space

232 Main St Cedartown, GA 30125-3047

6,060 SF 0.08 ac lot Built 1900
Individually Owned 3-yr Hold Free & Clear
Property ID
US22-0432399
Property summary
AI-generated overview

This exceptional 6,060 square foot commercial building is strategically located on a corner lot at 232 Main Street in Cedartown, Georgia, ensuring high visibility and accessibility. The main floor, boasting 3,030 square feet, features convenient front, side, and rear entrances, ideal for a variety of retail or commercial uses. Currently, the first floor is leased, providing immediate income potential. The upper levels offer significant expansion opportunities. A spacious 3,030 square foot second floor with abundant windows presents a prime location for development into apartments or additional commercial space. The property also includes a mezzanine level, adding further versatility. Five-meter bases are already in place, catering to both retail and residential uses. The building benefits from a recently installed 30-year roof (2022) and a new HVAC system on the main level (2023), minimizing maintenance concerns. Parking is readily available with two spaces directly associated with the building, supplemented by nine public parking spaces on a nearby side street and a public parking lot situated behind the property. This 0.08-acre property is zoned rural, making it eligible for attractive tax credits including job tax credits, investment tax credits, and rehabilitation tax credits, offering significant financial advantages for the buyer. This prime location and versatile layout make this property an excellent investment opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 6,060 SF
Lot 0.08 ac (3,485 SF)
APN C20-085-
UPID US22-0432399
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
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Owner & transaction history
Christopher T Keenan · 3 yrs held
Christopher T Keenan
since 2023
Last sale
$212,500
6 recorded transactions
2023
$212,500
2018
Price N/A
2013
$65,000
2013
$65,000
2008
$180,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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