tomo logo

$525,000

Beds
4
Baths
2.5
sq ft
2,870

5282 Highway 129 S, Cleveland, GA 30528

5282 Highway 129 S

Cleveland, GA 30528

  • 75 days on market
    • Price drop $10,000↓
Discover a unique property offering unmatched versatility in the heart of Cleveland, GA! This 4-bedroom, 2.5-bath gem, built in 2006, is an exceptional income-producing opportunity, zoned C2 Highway Business District. The zoning allows for a variety of commercial uses perfect for everything from retail and financial services to medical practices, pet grooming, bed-and-breakfast operations, and so much more! With a daily traffic count of 13,000+ vehicles and high visibility, this property is set for success. Including 10+ vehicle parking, the 2,700+ sq ft space features 8 individual office spaces, each offering privacy and flexibility. Whether you're looking to expand your business, invest in commercial real estate, or create a mixed-use space, the possibilities are endless. Step inside and you'll find a spacious, modern kitchen with beautiful stone countertops, high-efficiency appliances, and an open flow to the eating area, family room, and a covered patio ideal for entertaining or company gatherings. This is a rare chance to capitalize on an excellent commercial opportunity in a fast-growing area. Don't miss out schedule your tour today!

Details

Property type

Single Family Residence

Est. home value

$444,306

Lot size

1.00 acres

Price per sq ft

$183

Year built

2006

Annual property taxes

$3,737

HOA

No

Price History

12/19/2024
FMLS

FMLS #7468343

Price change
$525,000
-1.87%
12/09/2024
FMLS

FMLS #7468343

Price change
$535,000
-2.73%
11/13/2024
FMLS

FMLS #7468343

Price change
$550,000
-1.79%

Schools & Community

Elementary school: 

Mossy Creek

Middle school: 

White County

High school: 

White County

Community features: 

None

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$311,008
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$171,992
Cash to seller
$311,008

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Community Bank

Loan start date

November 2023

Original loan amount

$227,255

Est. remaining balance

$171,992

Interest rate

7.19%

Loan type

New Conventional, 4 year

Seller

North Georgia Power Stroke Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/23/2024 at 5:35 AM

Listing updated: 12/19/2024 at 3:45 PM

Listed by: Van Grant, Berkshire Hathaway HomeServices Georgia Properties Phone #: (706) 778-4171

MLS: FMLS #7468343

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