819 New Franklin Rd, Lagrange GA 30241

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$500,000

819 New Franklin Rd, Lagrange, GA 30241

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LaGrange, GA: Two Adjacent Commercial Properties at 819 & 821 New Franklin Road (Troupe County) 10% Buyer's Premium - Online Only - Absolute - No Minimums - No Reserves One Retail Building and One Office Building Off Highway 27-Selling Together as One Property Bidding Starts to Close: Thursday, February 13, 2025, at Noon ET Inspection (By Appointment Only): Wednesday, February 12, 2025, from Noon-3 PM ET Property Address: 819 & 821 New Franklin Road, LaGrange, GA 30241 Property Description: 1 Retail Building and 1 Office Building Off Highway 27-Selling Together as One Property 819 New Franklin Road occupies a 1.08± acre lot with two steel buildings built in 1965 and 1974. The space is divided into six units of various sizes, offering a total of 11,578±SF and the potential for $92,000 in annual income. Current uses include a beauty shop, event center, hair braiding, and a 2,000±SF warehouse with a fenced yard. There is also an additional fenced yard at the back of the property. Four of the six units are leased to long-term, month-to-month tenants, though not all are current on rent. Contact the Sale Manager for information on rent payment history. 821 New Franklin Road is a 1,576±SF building divided into two office suites on a 0.52± acre lot, offering a potential annual income of $18,000. Suite 821-A is 620±SF, and Suite 821-B is 991±SF. The building is constructed with a wood and steel frame featuring EIFS, stone, and steel siding. Both suites are currently vacant. All utilities are believed to be available to both properties. The back of the lots borders Dixie Creek, and the property is located within an AE flood zone (FIRM Panel: 13285C0142E, July 3, 2012). While long-term tenants report no history of flooding, a portion of the site near Dixie Creek is within a Regulatory Floodway. Mandatory flood insurance may be required. Both lots are zoned Corridor Mixed Use District (CR-MX) by the city of LaGrange, GA. CR-MX permits mixed-use development along major transportation corridors. Troupe County Tax Parcels: 0611A001001 (819) and 0624D000054 (821) 2024 Troupe County Tax Values: $407,400 (819); $255,800 (821) 2024 Troupe County Property Taxes: $4,441 (819); $2,790.57 (821) - due November 2024 Please Note: Whereas it is possible that this listing is posted with a stated price as may be required by certain marketing platforms, this asset could sell for more or less than the stated price since this is an auction.

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MLS number: 11418163

Listing agent: Julian Howell

Listing broker: Auction Management Corporation

Last update: Friday, January 31 2025 at 6:58 p.m. EST

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