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Edward Jones 37 E Franklin St 1,580 SF Office Building Hartwell, GA 30643 $550,000 ($348.10/SF) 3.45% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy traffic at slow speed area on the main commercial street in town
- Long-time, well-paying tenants, but ones whose businesses can be relocated.
- Flat lot with attractive older, but modernized building
EXECUTIVE SUMMARY
High appreciation potential with current income. Prime corner lot with double occupancy building. Site is on the main thoroughfare of US Hwy 29, Hartwell, GA, two blocks from downtown square and city hall. Across from 5 fast food chains, including Starbucks and McDonalds. Building is a former clapboard house, now covered with vinyl siding and metal roof. Good condition. Dedicated parking. Long-standing tenants currently in place on gross lease terms. Additional space to develop in current attic. Owner / Agent.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$28,800
|
$18.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$28,800
|
$18.23
|
| Taxes |
$2,500
|
$1.58
|
| Operating Expenses |
$9,000
|
$5.70
|
| Total Expenses |
$11,500
|
$7.28
|
| Net Operating Income |
$17,300
|
$10.95
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $28,800 |
| Annual Per SF | $18.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $28,800 |
| Annual Per SF | $18.23 |
| Taxes | |
|---|---|
| Annual | $2,500 |
| Annual Per SF | $1.58 |
| Operating Expenses | |
|---|---|
| Annual | $9,000 |
| Annual Per SF | $5.70 |
| Total Expenses | |
|---|---|
| Annual | $11,500 |
| Annual Per SF | $7.28 |
| Net Operating Income | |
|---|---|
| Annual | $17,300 |
| Annual Per SF | $10.95 |
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Building Size
1,580 SF
Building Class
C
Year Built
1937
Price
$550,000
Price Per SF
$348.10
Cap Rate
3.45%
NOI
$19,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,580 SF
Building FAR
0.09
Lot Size
0.40 AC
Zoning
R1B - One-Family Residential
Parking
10 Spaces (6.33 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | I57D-214 | Total Assessment | $113,707 (2024) |
| Land Assessment | $84,000 (2024) | Annual Taxes | $2,500 ($1.58/SF) |
| Improvements Assessment | $29,707 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
I57D-214
Land Assessment
$84,000 (2024)
Improvements Assessment
$29,707 (2024)
Total Assessment
$113,707 (2024)
Annual Taxes
$2,500 ($1.58/SF)
Tax Year
2023
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Steve Smith
Edward Jones | 37 E Franklin St
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