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Property profile

237 W Washington St Monticello, GA 31064

FOR SALE
Retail space
Property ID
US22-1034194
1,296 SF 0.11 ac lot Built 1900
Individually Owned 3-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 1,300 sq ft commercial building, located on the prominent square of downtown Monticello, GA, presents a rare opportunity. Originally constructed in the 1880s and recently renovated, this free-standing structure seamlessly blends historic charm with modern conveniences. The building boasts meticulously preserved original architectural details, enhanced by updated electrical, plumbing, and HVAC systems, ensuring both comfort and efficiency. Ten private parking spaces are included, a significant advantage in a historic downtown setting. Its prime location on the bustling square offers high visibility and accessibility, making it ideal for a variety of businesses. The interior features gorgeous exposed beams, creating a unique architectural ambiance. The sale includes several pieces of furniture, a washer/dryer, and a complete point-of-sale system with cash drawer, making this a truly turnkey operation. The property sits on a 0.13-acre lot. This is a must-see property for entrepreneurs seeking a unique and well-equipped space in a vibrant downtown location. The asking price is $298,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction TYPE NOT SPECIFIED
Total area 1,296 SF
Lot 0.11 ac (4,620 SF)
Zoning code RESIDENTIAL
APN M05A- -068
UPID US22-1034194

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
  • Hair Salon
  • Building Supply
  • Clothing & Fashion Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$130k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2023
Last sale
$94,000
5 recorded transactions
2023
$94,000
2023
Price N/A
2014
$30,000
2010
Price N/A
1969
Price N/A

Zoning & alternative use

RESIDENTIAL · Monticello, GA

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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More about this property
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