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Listed by THE POTTS TEAM • RE/MAX SOUTHERN
$ 695,000
Est. payment | /mo
3,920 Sqft Lot
$ 695,000
Est. payment | /mo
3,920 Sqft Lot
Key Details
Property Type Commercial
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 10369607
Construction Status Resale
Year Built 1910
Annual Tax Amount $6,296
Tax Year 2023
Lot Size 3,920 Sqft
Property Description
Renovated and Ready for its new owner, this property is zoned CBD and located in the heart of Downtown Griffin! Featuring four versatile units, this property is perfectly positioned to maximize your investment returns. It includes two vacant commercial units (27B & 25B) that are currently available for lease, each with a rental potential of $1,700/month, ideal for various business ventures, offering unparalleled flexibility and prime visibility in the downtown sector. Additionally, there are two occupied residential units (27A & 25A) generating a consistent rental income of $1,700/month each, providing immediate cash flow with tenants already in place. (One residential tenant expecting to vacate in November.) With a total rental income potential of $6,800/month once the vacant units are leased, This property boasts a prime downtown location that ensures excellent exposure for businesses and convenience for residents. The versatile space is suitable for retail, office, or mixed-use options, catering to a diverse clientele and adapting to various business needs. With two units already leased, your investment is partially secured, providing peace of mind and immediate cash flow. Don't miss out on this fantastic opportunity to own a prime commercial property in Downtown Griffin with robust rental income potential; contact us today to schedule a viewing and explore the endless possibilities this property has to offer!
Location
State GA
County Spalding
Zoning CBD
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features On Street, Parking Lot
Utilities Available Cable Available, Electricity Available, Water Available
Building
Sewer Public Sewer
Construction Status Resale
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