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37-39 State St 2,760 SF 100% Leased Retail Building Commerce, GA 30529 $305,000 ($110.51/SF) 7% Cap Rate


Investment Highlights
- Fully leased retail investment with reported 100% occupancy.
- Located within Commerce's downtown commercial district.
- Multi-tenant configuration provides diversified occupancy.
- Historic storefront building constructed in 1895.
- Frontage along State Street supports visibility and accessibility.
- Commercial zoning supports continued retail use.
Executive Summary
37-39 State Street presents an opportunity to acquire a fully leased downtown retail asset in the heart of Commerce, Georgia. The property consists of a historic one-story storefront positioned along State Street, providing direct visibility within the city's established commercial district. Its location places tenants and visitors within walking distance of downtown businesses, services, and community destinations that support daily foot traffic and local commerce.
The building's historic character, combined with its commercial zoning and traditional storefront configuration, supports continued retail occupancy and long-term relevance within the downtown market. With multiple tenants in place and reported occupancy at 100%, the asset offers an existing income stream while benefiting from its presence in a recognized commercial corridor. The property's frontage along State Street further enhances visibility and accessibility for retail users.
Commerce is strategically positioned along Interstate 85 in Northeast Georgia, providing regional connectivity to the Atlanta metropolitan area and surrounding markets. The downtown setting offers access to local government services, restaurants, retailers, and community activity that contribute to the area's ongoing commercial appeal. Investors seeking a leased retail property with established occupancy, historic character, and a downtown location may find this asset well-positioned within the local market.
The building's historic character, combined with its commercial zoning and traditional storefront configuration, supports continued retail occupancy and long-term relevance within the downtown market. With multiple tenants in place and reported occupancy at 100%, the asset offers an existing income stream while benefiting from its presence in a recognized commercial corridor. The property's frontage along State Street further enhances visibility and accessibility for retail users.
Commerce is strategically positioned along Interstate 85 in Northeast Georgia, providing regional connectivity to the Atlanta metropolitan area and surrounding markets. The downtown setting offers access to local government services, restaurants, retailers, and community activity that contribute to the area's ongoing commercial appeal. Investors seeking a leased retail property with established occupancy, historic character, and a downtown location may find this asset well-positioned within the local market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,760 SF
Building Class
C
Year Built
1895
Price
$305,000
Price Per SF
$110.51
Cap Rate
7%
NOI
$21,350
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Lot Size
0.09 AC
Zoning
C - Commercial
Frontage
45’ on State St
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Bank-Jackson Risk Reduction
- Educational Services
- -
- -
- -
- Eagle Instruments
- Public Administration
- -
- -
- -
- First Federal Collections Group
- Administrative and Support Services
- -
- -
- -
- Ingram Lord & Associates
- Real Estate
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Bank-Jackson Risk Reduction | Educational Services | - | - | - | ||
| Eagle Instruments | Public Administration | - | - | - | ||
| First Federal Collections Group | Administrative and Support Services | - | - | - | ||
| Ingram Lord & Associates | Real Estate | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | C14-080B | Improvements Assessment | $13,960 |
| Land Assessment | $45,760 | Total Assessment | $59,720 |
Property Taxes
Parcel Number
C14-080B
Land Assessment
$45,760
Improvements Assessment
$13,960
Total Assessment
$59,720
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37-39 State St
