200 Edsel Dr - Industrial FOR SALE


Richmond Hill, GA 31324
$2,500,000 USD
912-663-1743
200 Edsel Dr, Richmond Hill, GA for Sale
$2,500,000 USD
Industrial - FOR SALE
1/8
null | Request Cap Rate

200 Edsel Dr
Richmond Hill, GA 31324


OVERVIEW

Big time potential for investment income here! This offering includes two parcels (0531 047 04 & 0531 047 02) totaling a highly sought-after 3.45 acre I-1 zoned property in Richmond Hill. Current Income & Improvements: 6,000 sq. ft. industrial building – fully leased and bringing in $7,200/month 13,000 sq. ft. of mini storages – currently ~50% occupied, producing $6,800/month with tremendous upside as occupancy improves. Vacancy due to owner neglect. 1.29-acre raw lot – development-ready with potential for a 15,000 sq. ft. new build. (preliminary site and building plans in hand0 Highlights: Immediate cash flow with $13K+ monthly income Substantial value-add upside through lease-up of mini storages and building of a new commercial building. Expansion potential on the 1.29-acre lot Rare I-1 zoning in Richmond Hill’s fast growing town. Strong location with access to major corridors and Savannah’s thriving port economy This property offers the best of both worlds: stable existing income and major growth potential. An outstanding opportunity for investors, developers, or owner-users looking to secure a footprint in one of the hottest industrial corridors in Coastal Georgia.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Flex Space, mini storage, and Lot

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

undefined, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.45

LAND SF

150,282

ZONING

-

APN/PARCEL ID

0531-047-04

ASK ABOUT THIS PROPERTY

Josh GalbreathHigh Cotton Properties and InnvestmentsMore Info
912-663-1743

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Josh GalbreathHigh Cotton Properties and InnvestmentsMore Info
912-663-1743

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.