2840 Lafayette Rd Fort Oglethorpe, GA 30742
- Retail space
- 10,758 SF
- 0.59 lot acres
Current Use by Public Records
- Retail space
Property Details for 2840 Lafayette Rd
- Year built
- 1910
- Construction
- WOOD
- Lot size
- 0.59 lot acres
- Property size
- 10,758 SF
- Zone code
- FOR
- Property type
- Retail space
- APN
- 03F03500A
- APU
- 03F03500A
Description
This exceptional investment opportunity presents a chance to acquire Stable No. 45, a historic landmark in Fort Oglethorpe, Georgia. Located at 2840 Lafayette Rd, this 14,000 square foot, two-story building sits on a 0.54-acre lot and boasts a rich history, having been constructed in 1906. Currently zoned for commercial use, the property is classified as Class B and offers significant potential for adaptive reuse. The asking price is $1,895,000, translating to $135.36 per square foot. Its unique character and historical significance make it ideally suited for a variety of uses, including a brewery, event venue, or similar ventures. The property is eligible for Historic Tax Credits and potentially low-interest state loans for renovations, adding further appeal to this remarkable investment. The building's substantial size and prime location in Catoosa County (APN: 0003F-03500-A) present a compelling opportunity for a discerning buyer. Further details are available online. This is a rare chance to own a piece of Georgia history and capitalize on its immense potential. The property is offered as an owner/user investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $355,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $450,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $485,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $515,000
- Retail
- $540,000
- Mixed-Use
- $410,000
- Hospitality
- $495,000
- Educational
- $420,000
- Residential Income
- $510,000
- Energy
- $545,000
- Income-Based Land
- $435,000
- Food Service
- $480,000
Location Insight
- Map
- Local Demand
- City
- Fort Oglethorpe
- County
- Catoosa
- State
- Georgia
- Longitude
- -85.2595
- Latitude
- 34.948
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA