Property summary
This exceptional investment opportunity presents a 0.7-acre commercial lot in McRae-Helena, Georgia, featuring a 4,200 square foot, single-story, Class C building constructed in 2007 and renovated the same year. The property, located at 233 8th Street, zip code 31037, is zoned for commercial use and boasts a spacious red iron mechanical shop. The shop is equipped with six bays: one 14x14 bay suitable for semi-trucks, two 12x12 bays, and two 8x10 bays. Additional features include two restrooms, security cameras, an inspection/grease pit, three-phase power, and four lifts (two 12,000 lb, one 10,000 lb, and one 9,000 lb). An office is also included. The asking price is $299,000, translating to $71.19 per square foot and $62 per square foot based on land value alone. This owner/user investment presents a unique opportunity for a variety of commercial uses. The property is situated in Telfair County and offers 4,200 square feet of net rentable space. No lease options are currently available.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
1 · Mc Rae Helena, GAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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