10 E Washington St
3,100 SF 100% Leased Retail Building Newnan, GA 30263 $795,000 ($256/SF) 6.29% Cap Rate
Investment Highlights
- Central Business District Zoning.
- Walking proximity to restaurants, shops & businesses.
- Located off the court square in Downtown Newnan.
Executive Summary
RARE OPPORTUNITY TO LIVE OFF THE COURT SQUARE IN DOWNTOWN NEWNAN! Beautifully renovated living space upstairs with a stunning kitchen, living area w/ fireplace & access to your very own private deck overlooking the court square. Kitchen features an island, ample cabinet space, solid-surface counters, stainless steel appliances. Incredible natural light. Powder room off kitchen & living area. Primary bedroom, w/ spacious walk-in closet. Lovely primary bathroom w/ clawfoot tub & custom separate shower. Beautiful original hardwood floors & masonry walls. Long-time tenant in place on main level. Living on ground floor is possible w/ Central Business District Zoning. Inquire with the City of Newnan. Walk to the restaurants, shops & businesses around downtown Newnan. This property is a must see!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,100 SF
Building Class
C
Year Built
1910
Price
$795,000
Price Per SF
$256
Cap Rate
6.29%
NOI
$50,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.19
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Parking
27 Spaces (8.71 Spaces per 1,000 SF Leased)
Frontage
74 FT on East Washington St
Amenities
- Fireplace
- Signage
- Signalized Intersection
- Air Conditioning
- Balcony
- Smoke Detector
Walk Score®
Very Walkable (80)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | N01-0001-004 | Improvements Assessment | $110,056 |
Land Assessment | $10,368 | Total Assessment | $120,424 |