Bought with Sarah Sturgill • Keller Williams Rlty Atl. Part
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507 N Broad ST Monroe, GA 30655
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Key Details
Sold Price $197,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision 507 N Broad St
MLS Listing ID 20076068
Sold Date 06/01/23
Construction Status Resale
Year Built 1957
Annual Tax Amount $287
Tax Year 2020
Lot Size 0.630 Acres
Property Description
Possible assemblage with 511 N Broad St. that is 1.07 acres. (GAMLS #20057296) Opportunity Zone Development Opportunity .63 acres located on the heavily traveled Broad Street corridor into Downtown Monroe. This is an area identified as an Opportunity Zone by the Department of Community Affairs which can provide substantial tax benefits to a project and developer that meets the project guidelines. The site lays very flat and has no trees which will aid in keeping clearing costs more affordable. The current zoning is B3 (Highway Business District.) The property contains an existing home that is usable as an office or possibly a residential rental. The home is usable but is in need of repair, no central HVAC etc. Buyer to do due diligence.
Location
State GA
County Walton
Zoning B3 Commercial
Interior
Heating Electric
Cooling None
Flooring Pine
Exterior
Parking Features Paved
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Phone Available, Water Available
Roof Type Metal
Building
Sewer Public Sewer
Construction Status Resale
Others
Financing Conventional
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