125-127 W Solomon St
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125-127 W Solomon St
6,224 SF Vacant Retail Building Griffin, GA 30223 $695,000 ($112/SF)
Investment Highlights
- Prime 6,224 SF with Class A Buildout
- Two spacious Commercial units (25B - 2200 Sqft, 27A -1501 Sqft)
- Unique character and charm in a growing downtown Griffin location
- Two spacious residential units (25A - 1500 Sqft, 27A - 975 Sqft)
- 50% occupancy offering immediate income potential
Executive Summary
Featuring four versatile units, this property is perfectly positioned to maximize your investment returns. It includes two vacant commercial units (27B & 25B) that are currelty 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!
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,224 SF
Building Class
C
Year Built
1910
Price
$695,000
Price Per SF
$112
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.59
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
CBD
Parking
12 Spaces (1.93 Spaces per 1,000 SF Leased)
Frontage
49 FT on Solomon St
Amenities
- Accent Lighting
- Air Conditioning
Walk Score ®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 013-33-028-A | Improvements Assessment | $150,590 |
Land Assessment | $12,610 | Total Assessment | $163,200 |
PROPERTY TAXES
Parcel Number
013-33-028-A
Land Assessment
$12,610
Improvements Assessment
$150,590
Total Assessment
$163,200
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125-127 W Solomon St
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