800 Pine St
Calhoun, GA 30701
Pine Street Rentals · Specialty Property For Sale · 38,905 SF

Site: FORMER HOSPITAL, which has been converted to a SELF-STORAGE FACILITY - The subject property is a 4.54+/- acre commercial lot located at the intersection of Pine Street and Hospital Circle in Calhoun. The property is improved with one 22,100SF+/- building and 16 additional mini warehouse buildings, totaling 38,905SF+/- under roof, bringing list price to less than $36/SF, which is well below replacement cost. Also on site are open, fenced parking spaces, which have been available for rent. The facility is only 57% percent physically occupied with rents that, in most cases, are well below the submarket norms. By raising rents where warranted and increasing overall occupancy, there is tremendous upside opportunity. (Also possibilities for re-conversion into a healthcare facility, housing units, warehouse, distribution, etc.) With concrete slab foundation, the facility is comprised of brick and metal construction, and the main building was erected in 1956. The roof coverings are wood and metal, and most are approximately 6 years old. The interior of the main building is mainly finished with composition tile and concrete floors, sheetrock walls, and acoustical tile ceiling. The site has some deferred maintenance and needed repairs, but is priced accordingly, as potential rents and income total over $26,000 per month.* There were previously multiple restrooms on the premises, which have been converted into storage units. Storage facilities in high demand in the area, as evidenced by the fact that competitors have only a limited supply of climate controlled units and charge a premium for these units. The asset is positioned to perform very well in the long term. A facility in the area would benefit greatly from a modern website with on-line rentals and auto pay features, as well as remote access. Additional upside is available through rental rate increases as rates are moderately below market rents. Location: Calhoun is the county seat of Gordon County, Georgia, United States. As of the 2010 census, the city had a population of 15,650 (up from 10,667 in 2000), and the county had a population of 55,186. Gordon County is one of Georgia’s 159 counties, and is rich in natural and historic resources. From its beginnings in 1850 through today, Gordon County offers its residents many opportunities for work and play. It is strategically located just off I-75 in Northwest Georgia, with 45-60 minute access to both Chattanooga and Atlanta. Its enviable location attracts commercial and industrial enterprise, such as major carpet and flooring manufacturers, heavy machinery assembly companies, and distribution firms, it possesses a vast array of quality -of-life resources, including historic sites, state parks, quality health care, excellent public and higher educational opportunities, a cultural arts center, a regional outlet mall, and the nearby fast pace urban life of Georgia’s capital city of Atlanta. The Calhoun/Gordon County area possesses an excellent transportation system with Interstate 75 being the main north/south artery. The county has excellent access to I-75, with six entrance-exit ramps. Other major roads serving the county are US Highway 41, US Highway 411, State Route 53, State Route 136, and State Route 156. Because of its easy access to I-75, Gordon County has several motor freight carriers based in the area or nearby cities. Rail service is available through Norfolk Southern railroad and CSX. Air service is available through Chattanooga Airport or Hartsfield International Airport in Atlanta. Calhoun has a 5,800-foot runway for small aircraft and corporate jets. With its highly diversified manufacturing base, the area has immense potential to experience growth in population and industry in the future. Neighboring roads include Oothcalooga Street (also known as Highway 53 Spur), Court Street, River Street, and Yellow Jacket Drive. This immediate neighborhood is made up of a variety of uses, including carpet and carpet related industries, residences, the Calhoun High School campus including the athletic fields and related buildings, various retail stores, churches, and Calhoun Housing Authority homes. Oothcalooga Street has curbs, gutters, sidewalks, street lights, and storm drains. Interstate 75 is approximately four miles north via U S. Highway 41, two and half miles northeast via Georgia Highway 156, and two miles southeast via Georgia State Highway 53. This neighborhood is predominantly zoned C-1 Commercial and I-G Industrial, however the land use varies from high-density Single-Family Residential, Apartments, Commercial, and Light Industrial. All public and quasi-public utilities such as gas, water, sewerage, electricity, fiber-optics, telephone, and Cable TV are available in the area. The neighborhood has adequate fire and police protection as both have stations conveniently located nearby. Shopping and employment opportunities are located nearby as the Calhoun Central Business District is approximately five blocks east. Mohawk and Shaw are both manufacturers of carpet and are the largest employers in Gordon County. Many jobs in this county are in the carpet manufacturing mills and textile related industries. Other diversified employers include Gordon Hospital (and related medical clinics), City of Calhoun government/ schools, and Gordon County government/schools. The Site appears to have sufficient drainage and is not in a flood hazard area. The Subject is located in Zone X (areas determined to be outside the 500 year flood plain) per FEMA map #13129C 0152D, effective date September 26, 2008. Gordon County Taxes for 2017 were $4736 and, and City of Calhoun taxes were $3191.49, for a total of $7,927.49. DISCLAIMER: Although Samantha Lusk & Associates Realty has obtained the information contained herein from sources it believes to be reliable, and believes the information to be correct, no representations or warranties, express or implied, are made as to the accuracy or reliability of this information. Any references to square footage, costs, age, potential income, or any other information are approximations only. The recipient bears sole responsibility for verification of the accuracy of the information contained herein and bears all risk for any inaccuracies. Samantha Lusk & Associates Realty shall have no liability or responsibility to any party for any loss or damage arising from reliance by any party on the information contained herein. PLEASE NOTE: THIS PROPERTY IS ESTATE-OWNED, AND MINIMAL RECORDS/DOCUMENTATION ARE AVAILABLE.