Commercial Investment Opportunity w/ Seller Financing Available

[Troy Williams]

INVESTMENT OPPORTUNITY

Unlock the full potential of this downtown Griffin brick commercial building located just steps from the Spalding County Courthouse. With a mix of retail storefronts on the main floor and previously law offices upstairs, this property is ideal for an owner-user or investor looking for value-add upside.

Key Features:

• -2-Story Brick Building in downtown Griffin; 12,444 sqft
• -Retail Commercial on the main level
• -Schematic drawings available for converting 2nd floor into apartments or condos.
• -Full renovation need on interior, including new roof – huge value-add opportunity

Financing Terms:

• -Sales Price: $700,000
• -Owner Financing: 80% LTV
• -Interest Rate: 7.5% Interest-Only
• -Term: 30 Years
• -Note: Loan CANNOT be subordinated
• -Prepayment Penalty Applies

Why Invest:

• -Located in the historic courthouse district
• -Walking distance to downtown amenities, shops, and restaurants
• -Potential for strong cash flow post-renovation
• -Long-term upside through residential conversion
• -Griffin-Spalding is experiencing significant industrial growth, including:
  
  
  • -A Caterpillar manufacturing plant
  • -The Lakes at Green Valley, a premier industrial park with many Japanese companies
  • -A 20 million square-foot distribution center underway at the Spalding County line
  • -Proposed data centers and other tech-driven infrastructure developments
  • -The County and City are unlocking new sewer capacity to facilitate future growth
  • -Sun City Peachtree by Del Webb and multiple D.R. Horton residential communities under development
  • -Griffin is the largest city between Atlanta and Macon, strategically located on the route to Savannah, the fastest growing port in the United States
  • -The Historic Griffin Hotel has just reopened, adding to the revitalization of the downtown corridor
  • -Piedmont Brewing Company is open and operating
  • -Fire Maker Brewing Company is set to open in June 2025
  • -A Marriott Hotel and Conference Center is planned, adding major hospitality infrastructure
  • -And much more revitalization is underway in the city