617 3Rd Ave Chatsworth, GA 30705
- Office buildings
- 768 SF
- 4.04 lot acres
Current Use by Public Records
- Office buildings
Property Details for 617 3Rd Ave
- Year built
- 2009
- Lot size
- 4.04 lot acres
- Property size
- 768 SF
- Zone code
- CH
- Property type
- Office buildings
- APN
- 0049B 268
- APU
- 0049B268
Description
This exceptional 4.04-acre commercial property in Chatsworth, Georgia, presents a remarkable investment opportunity for developers and entrepreneurs. Strategically located between Highway 411 and South 4th Avenue, this vacant land boasts a prime location with high visibility and significant daily traffic counts ranging from 12,000 to 15,000 vehicles, according to the Department of Transportation. The property's advantageous position is further enhanced by its proximity to an established hotel and a gas station, ensuring high foot traffic and potential synergy with complementary businesses. The site itself is level and features gravel footing, simplifying development. Existing improvements include a small office building constructed in 2009 and a 40' x 288' pole barn, offering immediate utility or potential redevelopment options. City sewer access is available along Highway 411, streamlining infrastructure connections. A recent survey has been completed, with property corners clearly marked. The property's 768 square feet of existing building space, combined with the expansive acreage, allows for a wide range of development possibilities, including but not limited to gas stations, RV parks, additional hotels, storage facilities, or other commercial ventures. Its convenient location near Dalton and Calhoun, with Chattanooga less than 45 miles away, provides easy access to a larger regional market. This is a rare opportunity to acquire a well-situated, ready-to-develop commercial parcel in a thriving area. Priced at $750,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $520,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $645,000
- 6.5%
- $625,000
- 7%
- $655,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $640,000
- Geo Method
- $580,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $620,000
- Retail
- $645,000
- Mixed-Use
- $715,000
- Hospitality
- $660,000
- Educational
- $575,000
- Residential Income
- $645,000
- Energy
- $600,000
- Income-Based Land
- $660,000
- Food Service
- $655,000
Location Insight
- Map
- Local Demand
- City
- Chatsworth
- County
- Murray
- State
- Georgia
- Longitude
- -84.7703
- Latitude
- 34.7583
- CBSA code
- 19140
- CBSA name
- DALTON, GA METROPOLITAN STATISTICAL AREA