125 W Solomon ST Under Contract

Griffin,GA 30223

$ 695000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 10369607

Construction Status Resale

Year Built 1910

Annual Tax Amount $6,296

Tax Year 2023

Lot Size 3,920 Sqft

Property Description

Renovated and Ready for its new owner, this property is zoned CBD and located in the heart of Downtown Griffin! Featuring four versatile units, this property is perfectly positioned to maximize your investment returns. It includes two vacant commercial units (27B & 25B) that are currently 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!

Location

State GA

County Spalding

Zoning CBD

Interior

Heating Central

Cooling Central Air

Exterior

Garage On Street,Parking Lot

Utilities Available Cable Available,Electricity Available,Water Available

Building

Sewer Public Sewer

Construction Status Resale

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