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Listed by Scott Alderman FIRST COMMERCIAL REAL ESTATE
$ 495,000
Est. payment /mo
Active
3971 Inner Perimeter Valdosta, GA 31605
4,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $123
MLS Listing ID 146713
HOA Y/N No
Year Built 2006
Lot Size 0.893 Acres
Lot Dimensions 255' x 152' (avg.)
Property Sub-Type Commercial
Property Description
Rare offering: 100% leased, 4000-sf, 3-unit strip commercial income property, affordable price point. Unit A/B, 2000 sf, leased $1995/mo.; Unit C, 1000 sf, leased $1000/mo.; Unit D, 1000 sf, leased $1000/mo. Zoned C-H. Inside city, water & sewer at site. Strategic location on Inner Perimeter, a busy, popular 4-lane divided major corridor. 15,000 vehicles per day traffic count and growing as City continues its water & sewer installation nearby. Lots of new growth in this area including new U-Haul Moving & Storage Center coming soon. $3995/mo rent = $47,940/yr gross, less 25% OpEx = $36,000/yr NOI $495,000 list price = 7.3% cap rate at list price.
Location
State GA
Area 2-N Of Park Ave To E Oak St (City Limits)
Zoning C-H
Interior
Interior Features Private Restrooms
Heating Central, Electric
Cooling Central Air, Electric
Exterior
Exterior Feature Sign(s), Trash Collection
Parking Features Shared Driveway, Paved
Garage Spaces 20.0
View Y/N No
Roof Type Metal
Building
Lot Description Interior Lot
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Others
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