850 College St - Retail FOR SALE


Eastman, GA 31023
$3,000,000 USD
404-812-8925
850 College St, Eastman, GA for Sale
$3,000,000 USD
Retail - FOR SALE
1/10
null | 7.8% Cap Rate

850 College St
Eastman, GA 31023


HIGHLIGHTS

  • New Roof with 20-Year Warranty – Installed April 2020, Carlisle Golden Seal System covers key components through April 2040.
  • Prime location along U.S. Highway 23 (College Street), a major commercial corridor in Eastman, GA, with close proximity to the regional hospital.
  • Anchored by Hibbett Sports, Family Dollar, Destiny Fitness, and Southside Market, the center offers multiple retail storefronts in a single-story.
  • Eastman is located on the Golden Isle Parkway, which is a busy travel corridor from the north to the Georgia and Florida coast on the Atlantic Ocean.
  • Growing population and growing incomes - over 10,500 residents within five miles, with incomes projected to reach $86,000 by 2029—an ideal location.
  • Besides the hospital and medical office tenants in the area, Eastman is also home to a campus for Middle Georgia State University.

OVERVIEW

Dodge Plaza Shopping Center, located at 850 College Street in Eastman, GA, is a well-positioned neighborhood retail center along the city’s main commercial corridor. The property benefits from high-traffic generators such as the schools, hospital, medical offices and area retailers. The property enjoys excellent visibility and consistent customer flow. It features a mix of tenants, catering to the daily needs of the local and regional community. With strong community anchors, ample parking, and convenience, Dodge Plaza is a prime retail asset offering long-term value and growth potential in a stable, service-driven market. Buyers will be attracted to the mix of tenants in one of the more dominate shopping centers in the area, and that the base rents are all below $10/SF, thus the price for the property is below replacement cost.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

7.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dodge Plaza Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.91 AC

LAND SF

213,880 SF

ZONING

Commercial

APN/PARCEL ID

17

ASK ABOUT THIS PROPERTY

Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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