517 Hl St Monroe, GA 30656-1507
This exceptional 2,500 square foot commercial building, situated on a 0.52-acre lot in Monroe, Georgia, presents a unique investment opportunity. Located less than two miles from Downtown Monroe, this property boasts a rich history, having served as a successful childcare center for over three decades. The building features three separate bathrooms, a small kitchen in the rear, and a paved parking lot with ample space for sixteen vehicles. A portion of the lot is conveniently fenced. Significant recent upgrades enhance its appeal: the roof was completely replaced in 2018, while the HVAC and plumbing systems were fully renovated in 2017. Currently occupied by a tenant, this property offers immediate income potential. Its flexible commercial zoning allows for a wide range of uses, including but not limited to: office space, warehouse, church, medical office, or even a convenience store. The building's established infrastructure and prime location make it an ideal choice for a variety of businesses seeking a ready-to-use space with significant upside potential. The property's history and current condition combine to offer a compelling investment opportunity in a thriving Georgia community. Contact us to learn more and schedule a viewing.
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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
Property description
Physical attributes from public recordsZoning & alternative use
P · Monroe, GAMonroe. Always verify with local authorities before improvements.
Costs & 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.