512 Ctr St Thomaston, GA 30286-3694
This fee-simple retail shopping center in Thomaston, Georgia presents a compelling investment opportunity. Comprising four buildings totaling 12,418 square feet on a 0.81-acre lot, this Class C property boasts 40 parking spaces and is conveniently located on US Highway 19 at 508 & 512 N Center St. Built in 1988 and renovated in 1991, the property is currently vacant and zoned C3, offering significant potential for redevelopment or lease-up. The high-traffic location benefits from excellent visibility, with nearby businesses including Badcock Furniture, a spa, auto shop, sign business, Family Dollar, and a pre-owned car business. The property is approximately 1.5 hours from the Atlanta airport, 45 minutes from Macon, and one hour from Columbus, with easy access via a four-lane highway. The asking price is $445,000, translating to $35.84 per square foot. The property is being sold "as is" and is available for occupancy on May 31, 2024. This presents a rare chance to acquire a well-situated retail property in a growing area.
-
Thomaston Hospice Nursing Home
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Thomaston, GACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.