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Property profile & analytics
OFF-MARKET
Warehouses

512 Ctr St Thomaston, GA 30286-3694

5,268 SF 0.57 ac lot Built 1983
Individually Owned 3-yr Hold Free & Clear
Property ID
US22-1852428
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1983
Construction STEEL FRAME
Total area 5,268 SF
Lot 0.57 ac (24,829 SF)
Zoning code C2
APN T21-024
UPID US22-1852428
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Thomaston Hospice Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Virgil W Heath · 3 yrs held
Virgil W Heath
since 2023
Last sale
$50,000
5 recorded transactions
2023
$50,000
2021
Price N/A
2021
$169,000
2017
Price N/A
2017
Price N/A
Zoning & alternative use
C2 · Thomaston, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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