Coweta County Commercial Real Estate
Coweta County Industrial Real Estate
Located in the heart of downtown Newnan, this historic hosiery mill offers approximatelty 44,000 square feet of industrial/manufacturing space. It is fully operational and is currently in use. All utilities are available.
The property is also suitable for conversion to residential lofts, retail shops, or as a mixed-use development. The structure sits on 4.75 acres adjacent to the CSX rail line.
The possibilities are endless, and are limited only by your imagination and city approval!
Asking Price is $1,500,000.
Complete details Newnan Commercial Real Estate
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Richard, what a very cool space. We have a few industrial places that have been renovated for different uses and they are way to cool. Good luck with the sale!
Good looking piece of property Richard. Best of luck in getting it sold.
Can you imagine if you had to rebuild that thing. The land alone would cost that much!
Hi Richard... this building looks like it would make incredible lofts! Is there are market for them in your area?
Richard, good luck with this listing and sale. I certainly hope that it transfers to some one that will continue it's current use and continues to employ workers and manufacturing in the US, we need it!
If the Seller is not prepared to leaseback, then at $34/psf, I would think the building would most likely be dozed, leaving land cost at $7.25/psf + razing cost. At that price, the land would need to be subdivided into sales/service retail/commercial if demographics indicate justification, thus increasing the city tax base, and creating jobs to replace the ones lost here, if this business shuts down.
Looks like a fantastic opportunity.