Commercial

702 Experiment Street

Griffin, GA 30223

Location

702 Experiment Street, Griffin GA 30223

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Loads on click

List Price$175,000
TypeRetail
Building3,246 SF
Lot0.07 Ac
Building

Improved commercial

3,246 SF building

Retail · Commercial · C1A · $54 / SF · 0.07 ac lot

Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7838234
Listing Provided By HomeSmart · 404-876-4901
Description

Property Description

Exceptional Owner-User or Investment Opportunity Near Downtown Griffin – Only $175,000 Acquire approximately 3,246 SF of commercial space for just $175,000 — approximately $54/SF — in a highly visible location minutes from Historic Downtown Griffin. This versatile commercial building features dramatic 18-foot ceilings, three separate storefront entrances, two restrooms, excellent street visibility and approximately 34 adjacent parking spaces available through an existing parking lease. The multiple entrances and flexible layout offer potential for a single owner-user or division into multiple spaces for additional income opportunities. C1A/Downtown Commercial zoning allows for a variety of potential uses, making the property well suited for retail, restaurant or café, professional office, showroom, studio, service business, creative space or adaptive reuse. Located along Experiment Street with approximately 7,000 vehicles passing daily, the property is convenient to Downtown Griffin and near the ongoing Carlisle Mills redevelopment, bringing significant new residential activity to the surrounding area. The property is also located within an Opportunity Zone, adding another consideration for investors exploring redevelopment or long-term ownership opportunities. Property Highlights: Approximately 3,246 SF • Asking price approximately $54/SF • 18-foot ceilings • Three storefront entrances • Two restrooms • Approximately 34 adjacent parking spaces • High-visibility location • Approximately 7,000 vehicles per day • C1A/Downtown Commercial zoning • Opportunity Zone location • Minutes from Historic Downtown Griffin At just $175,000, 702 Experiment Street offers an unusually low acquisition basis and the opportunity for an owner-user, entrepreneur or investor to create significant value in a growing area of Griffin. Schedule a private showing to explore the possibilities.
Tax Advantage

Opportunity Zone Property

Tract 13255160800

This property is located inside a federally designated Qualified Opportunity Zone. Long-term investors may still access meaningful capital-gains benefits — primarily the potential exclusion of post-investment appreciation after a 10-year hold — when structured through a Qualified Opportunity Fund.

  • ExcludePotential permanent exclusion of post-investment appreciation if held 10+ years through a Qualified Opportunity Fund
  • TransitionCurrent zone designations remain in effect through 2028; new permanent OZ 2.0 rules begin January 2027
  • StructureBenefits require investment via a Qualified Opportunity Fund and satisfaction of holding-period and improvement tests

Opportunity Zone benefits depend on timing, fund structure, holding period, and substantial-improvement tests. The original deferral of pre-investment gains ends December 31, 2026. New rules (OZ 2.0) begin January 1, 2027. This is educational only — not tax, legal, or investment advice. Confirm current eligibility and structure with your CPA and counsel before acting.

Listing facts

Structured MLS fields. Remark language is not verified.

Year built
1938
Zoning
C1A
Price / SF
$54
Price / acre
$2,500,000
Days on market
20
Ceiling height
18
Road frontage
500 ft
Taxes
$1,577
Tax year
2024
Opportunity zone
Yes

Utilities & systems

As reported on the listing. Confirm service and capacity on site.

Available

  • Electricity
  • Phone
  • Sewer
  • Water

Sewer

  • Public Sewer

Heating

  • Hot Water

Cooling

  • Evaporative Cooling

Commercial Analysis

Key metrics and property characteristics

List Price$175,000
Building Size3,246 SF
Price / SF$54
Lot Size0.07 Acres
Price / Acre$2,500,000
ZoningC1A
Property SubtypeRetail
Year Built1938

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702 Experiment Street

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Disclaimer

Important Investment Information

Financial and property metrics are taken from the MLS listing when available. Cap rates or other calculated figures may be estimated. All figures are for screening only — verify with current financials and physical inspection.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.