2753 Hwy 34th E Newnan, GA 30265-2316
- Medical offices
- 3,848 SF
- 0.81 lot acres
Current Use by Public Records
- Tina McKay, DC / Chiropractor
Property Details for 2753 Hwy 34th E
- Year built
- 1990
- Construction
- WOOD FRAME
- Lot size
- 0.81 lot acres
- Property size
- 3,848 SF
- Zone code
- C
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 121 6038 027
- APU
- 1216038027
Description
This exceptional 4.63-acre commercial land parcel presents a remarkable investment opportunity in the thriving Thomas Crossroads area of Newnan, Georgia. Boasting over 259 feet of frontage on heavily trafficked Highway 34, this property benefits from an estimated daily traffic count exceeding 37,000 vehicles. Its strategic location ensures high visibility and accessibility for any commercial venture. The lot features an existing asphalt driveway directly off Highway 34, accommodating eastbound traffic, and a curb cut at Highland Drive allows for east-west traffic flow. Essential utilities, including water and sewer, are readily available. A topographic survey is included in the listing documentation, providing detailed information about the land's elevation and features. Notably, the lot is elevated above street level, maximizing visibility for potential businesses. The property is zoned C, and its advantageous location is further enhanced by the presence of nearby medical office buildings and an adjacent unimproved 10-acre tract. Retail and law offices are situated east of Highland Drive, creating a vibrant and established commercial environment. This property's combination of high traffic volume, excellent visibility, and strategic location makes it an ideal site for a wide range of commercial developments. The asking price is $1,353,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $205,000
- 7%
- $210,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $255,000
- Retail
- $250,000
- Mixed-Use
- $240,000
- Hospitality
- $250,000
- Educational
- $275,000
- Residential Income
- $250,000
- Energy
- $270,000
- Income-Based Land
- $240,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Newnan
- County
- Coweta
- State
- Georgia
- Longitude
- -84.6919
- Latitude
- 33.4074
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
