2016 E 16th Ave - Apartments FOR SALE


Cordele, GA 31015
$8,500,000 USD
404-398-2090
2016 E 16th Ave, Cordele, GA for Sale
$8,500,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

2016 E 16th Ave
Cordele, GA 31015


HIGHLIGHTS

  • Conveniently located off I-75
  • Full kitchenette in each room
  • Free Wi-Fi
  • Access to coin laundry and facility
  • Gazebo picnic area
  • Large Restaurant area with lease possibility

OVERVIEW

Rooms: 105 2 Stories The Monarch in Cordele, Georgia is prominently located right off Interstate I-75, offering direct access to one of the state’s primary transportation corridors and excellent regional connectivity. The property is situated approximately 1 mile from Downtown Cordele, placing it near the city’s civic, cultural, and commercial core. Notable nearby landmarks include Crisp Regional Hospital, located just 1.2 miles away, and Georgia Veterans State Park at Lake Blackshear, a major recreational destination only 10 miles from the site. Retail and dining options are concentrated along 16th Avenue, less than a mile from the property, while the Cordele Historic District, featuring shops, restaurants, and cultural attractions, is just over 1 mile away. The property also benefits from proximity to Lake Blackshear Resort & Golf Club, about 12 miles away, and the SAM Shortline Excursion Train, which departs from Downtown Cordele. The nearest airport is Southwest Georgia Regional Airport in Albany, located approximately 44 miles southwest, offering regional and commercial flight service. With its strategic interstate frontage, closeness to downtown Cordele, and access to healthcare, recreation, and regional attractions, the property presents a compelling investment opportunity in a growing South Georgia market. Location Highlights: 1. Interstate Access – Located directly off Interstate I-75, providing excellent regional connectivity through South Georgia. 2. Proximity to Downtown – Approximately 1 mile from Downtown Cordele, with access to the city’s civic, cultural, and commercial core. 3. Healthcare Access – Crisp Regional Hospital is located just 1.2 miles from the property. 4. Retail & Dining – Less than 1 mile from 16th Avenue, Cordele’s main commercial corridor with numerous shopping and dining options. 5. Recreational Attractions – About 10 miles to Georgia Veterans State Park at Lake Blackshear and 12 miles to Lake Blackshear Resort & Golf Club. 6. Cultural & Historic Sites – The Cordele Historic District is just over 1 mile away, and the SAM Shortline Excursion Train departs from Downtown Cordele. 7. Airport Access – Southwest Georgia Regional Airport in Albany is located approximately 44 miles southwest, offering regional and commercial flight service. Cordele, Georgia, known as the "Gateway to South Georgia," is actively working on developments that can drive sales for local businesses. The city's strategy leverages its strategic location on major transportation routes, its Inland Port, and its agricultural and manufacturing roots. Here are some of the key developments and initiatives that could drive sales: Industrial and Logistics Growth: The Cordele Inland Port, a public-private partnership, is a major asset that enhances the city's logistics capabilities. The city and Crisp County are working to attract new industries to the area, which creates a demand for a wide range of business-to-business sales, including raw materials, supplies, and services. New Commercial and Retail Development: While there aren't many details on large-scale, mixed-use projects at the moment, new businesses are choosing to locate in Cordele. For example, a new ALDI grocery store recently opened, which draws more customers to the area. Downtown Revitalization: The city is focusing on improving its downtown core to attract more businesses and visitors. This includes supporting local entrepreneurs and working to make the downtown a more attractive place to shop and dine. Please Do Not Call the Property or Onsite Staff about the Sale of the Property. Absentee Owner.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

105

PRICE/UNIT

$80,952

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Monarch - Cordele

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.82 AC

LAND SF

122,839 SF

ZONING

COMMERCIAL

APN/PARCEL ID

C39-003

ASK ABOUT THIS PROPERTY

Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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