2646 Highway 34 E Newnan, GA 30265
- Office Properties & Spaces
- 1,658 SF
- 2.09 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 2646 Highway 34 E
- Year built
- 1987
- Lot size
- 2.09 lot acres
- Property size
- 1,658 SF
- Zone code
- R1
- Property type
- Office Properties & Spaces
- APN
- 109 6027 061
- APU
- 1096027061
Description
This exceptional commercial property, located at 2646 Hwy 34 E in Newnan, Georgia, presents a unique investment opportunity. Boasting 1,658 square feet on a generous 2.08-acre lot, this property benefits from exceptional visibility on Highway 34, a major thoroughfare with a daily traffic count of 34,000 vehicles. Its strategic location is just west of the Coweta Crossroads Complex, a thriving hub anchored by a Publix supermarket and numerous medical and professional buildings, ensuring high foot traffic and brand recognition. The existing structure features a professional office layout, including a welcoming waiting area, a conference room, three individual offices, a convenient kitchen area, and two bathrooms. This versatile space is ideal for a variety of professional uses, allowing for continued operation in its current configuration or complete customization to suit specific business needs. The expansive lot offers significant potential for future expansion or new construction, providing ample room for growth and development. The property's location directly across from a planned gas station and convenience store further enhances its long-term value and appeal. This is a rare opportunity to acquire a high-traffic, well-situated commercial property in a rapidly growing area. The asking price is $1,200,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $270,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $335,000
- 6.5%
- $310,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $242,000
Market price range: $53.4k - $270k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $335,000 Current use
- MEDICAL BUILDING
- $350,000 Change: +4% Conversion: Easy
- AUTO REPAIR, GARAGE
- $295,000 Change: -13% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Newnan
- County
- Coweta
- State
- Georgia
- Longitude
- -84.696
- Latitude
- 33.408
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA