Income Producing Properties

Special Purpose for Sale
Catylist Listing ID: 30151609
Building Size (RSF): 133,800 SF
Gross Land Area: 5.34 Acres
Sale Price: $1,400,000
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Last Updated: 1/17/2018

Overview / Comments

Great business/investment opportunity! Two different properties being sold together. 501 Grant St, LaFayette, GA 30728 (tax id's 1048 005 & 1048 005A) is being sold with 3296 N. Hwy 27 LaFayette, GA 30728 (tax id 03224 005). The 501 Grant Street property has 6 warehouses with a total of 170 storage units with a possibility of room to build more. The 3296 N. Hwy 27 LaFayette, GA 30728 property currently has one warehouse with 24 storage units and another warehouse with 26 storage units under construction, which will offer a total of 50 storage units. Both properties with the additional 26 units being built to include a total of 220 units with approximate $14,010 per month potential income. Total potential annual gross income $168,120.00.
Hwy 27 property also includes two rental homes built in 1942 and 1956 bringing in approximately $1,085 per month/$13,020.00 per yr and billboards $ 2,600.00 per yr.

Additional Details

Nearest MSA: Chattanooga
County: Walker
Taxing Authority: Walker County GA
Tax ID/APN: 03224 005 & 1048 005
Zoning: C1
Property Located Between: Chickamauga, GA and LaFayette, GA
Property Visibility: Excellent
Largest Nearby Street: US Highway 27
Highway Access: Yes, access to US Highway 27. Approximately 30 mins from Interstate 75.
Airports: 10 mins north of LaFayette Barwick Airfield, 30 mins south of Chattanooga Metropolitan Airport
Total Number of Buildings: 10
Number of Stories: 1
Property Condition: Average
Year Built: 1996
Construction/Siding: Metal Siding
Parking Type: Surface
Zoning Description: C1 - General Commercial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Ptll 242 8/4 and Ptll 63 7/4

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,176 17,076
Median Age: 39.31 39.12
Households: 2,804 6,342

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