Bought with John Courson • COLDWELL BANKER PREMIER REAL E
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3311 N N Valdosta Road Valdosta, GA 31602
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Key Details
Sold Price $350,000
Property Type Commercial
Sub Type Commercial Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $233
Subdivision N Valdosta & Perimeter Road
MLS Listing ID 135801
Sold Date 06/21/24
HOA Y/N No
Year Built 2009
Annual Tax Amount $2,964
Tax Year 2023
Lot Size 1,742 Sqft
Property Description
Excellent commercial investment opportunity for turnkey income as soon as you close. This office location is top-notch, unmatched and right in the heart of the highest growing Valdosta business sub-market just north of "5 Points" landmark. So much visibility here with 34,000 average daily traffic (GDOT 2022 data) at the intersection of North Valdosta and Inner Perimeter Roads just 300' to the east of this site. Even with all the traffic, this office has easy in and out with shared driveway / parking / water retention for numerous businesses all with direct access to N Valdosta Road. Layout is 30'x50' open concept with small reception and conference room up front, bullpen / cubicle area is majority of the space in the middle, work / storage room and single bathroom in back. Current tenant is Clearwave Fiber - a fiberoptic communications operation leasing here since 2017. 8.26% in place cap rate for modified gross lease through 08/2024 with one (2) year option and rent bump in place - further lease details available to qualified buyer prospects. Neighboring businesses include Chick-Fil-A, Starbucks, Dollar General, Mavis Tire & Brakes, Planet Fitness, Waffle House, Winn Dixie, numerous medical, financial institutions, furniture stores, regional and local businesses all around.
Location
State GA
Area 1-N Of Baytree Rd To W Oak St (City Limits)
Zoning C-H
Interior
Interior Features Private Restrooms
Heating Central, Electric
Cooling Central Air, Electric
Exterior
Exterior Feature Sign(s), Lighting
Garage Spaces 20.0
Parking Type Shared Driveway, Paved
Building
Story One
Sewer Public Sewer
Water Public
Others
Tax ID 0109C-038C
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