Listed by Virtual Properties Realty
$449,000
311 Vernon St
Details
APN 0614A022001
Property Type Retail, Mixed Use
Sub Type Grocery Store, QSR/Fast Food
Square Footage 2,478
Cap Rate 6.53%
NOI $29,340
Tenancy Vacant
Price per SqFt $181
Year Built 2010
Year Renovated 2023
Acreage 0.250
Zoning CR-MX (Mixed-Use)
Investment Type Owner/User
Ground Lease No
Sale Condition N/A
Retail | 6.53% CAP | 2,478 SqFt
Marketing description
Prime Corner Retail Site with High-Traffic Visibility
Location: 311 Vernon Street, LaGrange, GA 30240 Zoning: CR-MX (Commercial Mixed-Use) | Position: Prominent Corner Lot
The Opportunity
An exceptional retail or service location featuring irreplaceable corner positioning in the heart of LaGrange. Formerly operated as a smoke shop/convenience store, this highly adaptable property offers incredible "signage equity" and immediate access to a dense commercial corridor, making it a turnkey fit for national, regional, or local tenants looking to capture massive daily traffic.
Investment Highlights
- Exceptional Traffic & Signage Equity: Positioned on a high-exposure corridor with 16,500+ vehicles passing daily. The prominent corner placement ensures dual-street visibility and unmatched branding power.
- Superior Ingress/Egress: Strategic corner lot design provides multiple points of entry and exit, a critical logistical advantage for high-volume, convenience-oriented tenants.
- The "Destination Effect": Situated in direct proximity to major institutional anchors like Regions Bank, alongside a dense cluster of established national and local restaurants. This synergistic ecosystem guarantees consistent daytime foot traffic and excellent cross-shopping opportunities.
Flexible Zoning & Highest and Best Use
The flexible CR-MX (Commercial Mixed-Use) zoning offers a broad development and operational spectrum, making the site perfectly suited for:
- Quick-Service Restaurant (QSR) / Specialty Coffee: Perfectly positioned to intercept the area's heavy morning and evening commuter flows.
- Medical / Urgent Care Facility: Ideal for capturing local neighborhood demand and the active daytime workforce.
- Boutique Professional Office: Highly visible setting well-suited for law firms, insurance agencies, or corporate offices.
Investment highlights
Investment Highlights
- Exceptional Traffic & Signage Equity: Positioned on a high-exposure corridor with 16,500+ vehicles passing daily. The prominent corner placement ensures dual-street visibility and unmatched branding power.
- Superior Ingress/Egress: Strategic corner lot design provides multiple points of entry and exit, a critical logistical advantage for high-volume, convenience-oriented tenants.
- The "Destination Effect": Situated in direct proximity to major institutional anchors like Regions Bank, alongside a dense cluster of established national and local restaurants. This synergistic ecosystem guarantees consistent daytime foot traffic and excellent cross-shopping opportunities.
Listing Contacts
Listed by Virtual Properties Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$29,340.00
$2,445.00/mo
Valuation Metrics
0
DSCR
6.53%
Cap Rate
6.53%
ROI
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