3971 Inner Perimeter Rd - Freestanding FOR SALE


Valdosta, GA 31602
$495,000 USD
229-561-1939
3971 Inner Perimeter Rd, Valdosta, GA for Sale
$495,000 USD
Freestanding - FOR SALE
1/19
null | 7.27% Cap Rate

3971 Inner Perimeter Rd
Valdosta, GA 31602


HIGHLIGHTS

  • 4000-sf, 3-unit strip center on rapidly-growing Inner Perimeter Rd. 7.3% PF cap at $495,000 list price.

OVERVIEW

Rare offering: 4000-sf, 3-unit strip commercial income property, affordable price point. Unit A/B, 2000 sf, for lease $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. Pro-forma: $4000/mo rent = $48,000/yr gross, less 25% OpEx/Vacancy = $36,000/yr NOI ÷ $495,000 list price = 7.3% pro-forma cap rate at list price. Adjacent property to east also for sale - 3983 Inner Perimeter, listed by First Commercial.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

7.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

C-H

APN/PARCEL ID

0149B-034

ASK ABOUT THIS PROPERTY

Scott AldermanFirst Commercial Real EstateMore Info
229-561-1939

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Scott AldermanFirst Commercial Real EstateMore Info
229-561-1939

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