NOT LISTED FOR SALE

1108 Highway 16 E Newnan, GA 30263

Estimated Value: $786,000

-- Bed
1 Bath
16,312 Sq Ft
$48/Sq Ft Est. Value

Highlights

  • Interior Lot
  • Central Heating and Cooling System
  • High Speed Internet
  • Moreland Elementary School Rated A-

About This Home

As of March 2022

7200 sq. ft. warehouse with two dock doors and lots of parking. Current floor plan has reception/waiting area, two large offices, two restrooms in office area, restroom in warehouse. Has it's own fenced dumpster pad. Landlords can be hired for built-out. Next to Family Dollar.

Last Agent to Rent the Property

Robert Hinely

Lindsey's Inc., Realtors License #338040 Listed on: 01/31/2022

Co-Listed By

Chip Barron

Lindsey's Inc., Realtors License #81507

Last Renter's Agent

Robert Hinely

Lindsey's Inc., Realtors License #338040 Listed on: 01/31/2022

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,167

Year Built

  • Built in 2005

Lot Details

  • 2.39 Acre Lot
  • Property fronts a highway
  • Interior Lot

Parking

  • Parking Lot

Home Design

  • 16,312 Sq Ft Home

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Rent includes building & land
  • 60-Month Lease Term

Property Details

Property Type

Other

Est. Annual Taxes

$10,167

Year Built

Built in 2005

Lot Details

0

Rental Info

  • Lease Termsin Months: 60
  • Lease Conditions: Credit Report Required, Deposit Required, Modified Gross Lease

Listing Details

  • Property Type: Commercial Lease
  • Year Built: 2005
  • Co List Office: LIND
  • Lot Size Acres: 2.39
  • Max Rental Period Months: 60
  • Min Rental Period Months: 24
  • Road Frontage Type: Highway
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Construction Materials: Other
  • Lot Features: Interior Lot
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Cooling: Central Air, Electric, Office Area Only
  • Heating: Central, Office Only
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, High Speed Internet, Phone Available, Water Available, Water Individual Meters
  • Water Source: Public

Condo/Co-op/Association

  • Rent Includes: Building & Land

Fee Information

  • Fee Paid: Yes

Lot Info

  • Zoning Description: M

Building Info

  • BuildingAreaTotal: 16312

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2008
Sold by
Worsham Contracting Inc
Bought by
Wb Co Llc
Current Estimated Value
$786,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,297
Interest Rate
5.96%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 12, 2004
Sold by
Brown Sherman
Bought by
Worsam Contracting Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2001
Sold by
Kelly Ltd
Bought by
Brown Sherman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,325
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 1990
Bought by
Kelly Ltd

Purchase Details

Closed on
May 8, 1989
Bought by
Dogwood Hill Associa
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wb Co Llc -- --
Worsam Contracting Inc $188,600 --
Worsham Contracting Inc $182,600 --
Brown Sherman $65,000 --
Kelly Ltd $464,000 --
Dogwood Hill Associa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Wb Co Llc $518,297
Previous Owner Worsham Contracting Inc $450,000
Previous Owner Brown Sherman $65,325
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2022 03/08/22 Rented $3,500 -6.7% --
01/31/2022 01/31/22 For Rent $3,750 -- --
Source: Georgia MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,167 $430,341 $52,580 $377,761
2024 $9,990 $430,341 $52,580 $377,761
2023 $9,990 $428,763 $52,580 $376,183
2022 $6,815 $276,658 $52,580 $224,078
2021 $7,283 $276,658 $52,580 $224,078
2020 $7,332 $276,658 $52,580 $224,078
2019 $8,248 $281,790 $52,580 $229,210
2018 $8,262 $281,790 $52,580 $229,210
2017 $8,259 $281,790 $52,580 $229,210
2016 $8,161 $281,790 $52,580 $229,210
2015 $8,023 $281,790 $52,580 $229,210
2014 $9,117 $353,780 $52,580 $301,200
Source: Public Records

Agents Affiliated with this Home

  • Robert Hinely

    Landlord's Agent in 2022

    Robert Hinely

    Lindsey's Inc., Realtors

    (678) 877-5874

    51 Total Sales

    Robert Hinely
    Section Image
  • Chip Barron

    Landlord's Co-Listing Agent in 2022

    Chip Barron

    Lindsey's Inc., Realtors

    (770) 301-6843

    51 Total Sales

    Chip Barron
    Section Image
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Map

Source: Georgia MLS

MLS Number: 10017228

Georgia MLS

APN: 100-2061-010

Georgia Coweta County Newnan 30263

1108 Highway 16 E, Newnan, GA

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