438 Irvin St Cornelia, GA 30531

Property Details for 438 Irvin St

Year built

1937

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.57 lot acres

Property size

6,888 SF

Zone code

LI

Property type

Warehouses

APN

089B056

APU

089B056

Description

This exceptional income-producing property, located at 438 Irvin Street in the heart of Cornelia, GA, presents a compelling investment opportunity. Boasting a substantial 17,200 square feet on a 0.59-acre lot, this building offers a unique blend of history and modern functionality. Originally constructed in 1937 as the Cornelia Ice and Coal Plant, architectural elements from this era remain, adding character and historical significance. Subsequently improved and expanded in 1979, the property seamlessly blends its rich past with its current commercial viability. The building features a 1,032 square foot office space complete with a full bathroom and living quarters, ideal for on-site management or additional income generation. A former kitchen area is adjacent to the office. Three roll-up doors provide convenient access for loading and unloading, with the largest door offering drive-in capabilities. The front door is dock-high, and an additional ground-level side door enhances accessibility. The office area benefits from central heat, a sprinkler system, and a full bathroom. Five auxiliary natural gas wall heaters supplement the heating system. The expansive warehouse space is generously illuminated by overhead skylights, creating a bright and productive work environment. Currently occupied by an active tenant, this property offers a strong 8% CAP rate, making it an attractive investment for discerning buyers. This property is priced at $519,000.