206 Manhattan St - Storefront FOR SALE


Americus, GA 31709
$4,000,000 USD
516-737-3638
206 Manhattan St, Americus, GA for Sale
$4,000,000 USD
Storefront - FOR SALE
1/9
null | 7.33% Cap Rate

206 Manhattan St
Americus, GA 31709


HIGHLIGHTS

  • Necessity-based neighborhood center anchored by tenants including Family Dollar, AutoZone, Shoe Show, Cost Cutter Super Market,
  • Main retail corridor of Americus along East Lamar Street and East Forsyth Street with trac counts exceeding 15,000 vehicles per day
  • Visibility along East Lamar Street with multiple ingress and egress points allowing for easy customer access and strong exposure to passing Traffic
  • Surrounded by nearby restaurants, hotels, grocery stores, and Georgia Southwestern State University

OVERVIEW

Eastgate Plaza offers investors the opportunity to acquire a well-positioned, necessity-based retail center with stable in-place cash flow and long-standing operating history. The tenant mix is heavily focused on daily-needs retail, anchored by grocery, discount retail, auto parts, and service-oriented tenancy that continues to demonstrate resilience against e-commerce disruption. The property benefits from strong visibility and accessibility within Americus’ primary retail corridor, directly surrounded by national retailers including Walmart, Lowe’s, Dollar General, Roses, Chick-fil-A, Walgreens, and other established traffic drivers. Its proximity to Georgia Southwestern State University further supports consistent daytime traffic and consumer activity throughout the area. At a Flexible 6.9% cap rate, the investment provides day-one yield with additional upside through contractual rent increases, future lease renewals, and continued tenant stability.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

7.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastgate Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

473

LAND DETAILS

LAND ACRES

4.12 AC

LAND SF

179,467 SF

ZONING

Commercial

APN/PARCEL ID

36-5-1

ASK ABOUT THIS PROPERTY

Abraham AdjmiSilber Investment Properties, LTDMore Info
516-737-3638

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Abraham AdjmiSilber Investment Properties, LTDMore Info
516-737-3638

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