Rivers Lane, Off Laboratory Rd - Sports and Entertainment FOR SALE


Milledgeville, GA 31061
$79,900 USD
478-951-5100
Rivers Lane, Off Laboratory Rd, Milledgeville, GA for Sale
$79,900 USD
Sports and Entertainment - FOR SALE
1/4
null | Request Cap Rate

Rivers Lane, Off Laboratory Rd
Milledgeville, GA 31061


HIGHLIGHTS

  • Includes a ±13,000 SF building with an existing basketball court and office space on ±4 acres.
  • Located in Renaissance Park, part of the former Central State Hospital mixed-use campus.
  • Convenient access to downtown Milledgeville, Vinson Highway, and the Fall Line Freeway.
  • All major utilities are available at the site with level topography for ease of development.
  • Positioned within a Federal Opportunity Zone, offering potential tax incentives.
  • Surroundings include Georgia College & State University, Georgia Military College, and state offices.

OVERVIEW

Located within Renaissance Park, the former Central State Hospital campus, this ±13,000 SF building on approximately 4 acres presents an affordable repositioning or redevelopment opportunity in Milledgeville, GA. Historically utilized as a gymnasium with an integrated basketball court and offices, the property offers a layout suitable for athletic, fitness, or community programming uses. Zoning for Office Institutional further accommodates diverse applications ranging from educational or non-profit operations to adaptive reuse strategies. The site is level and equipped with available utilities, simplifying the development process. Positioned just off Laboratory Road at Rivers Lane, the property benefits from direct access to Vinson Highway and Fall Line Freeway, ensuring connectivity throughout Baldwin County and beyond. Surrounded by established institutions such as the Georgia Department of Veterans Affairs, multiple state and educational facilities, and local service businesses, this tract is well-situated within an evolving mixed-use district actively undergoing revitalization. Additionally, the property lies within a federally designated Opportunity Zone, introducing potential tax advantages for qualified investors.

FOR SALE DETAILS

PRICE

$79,900 USD

PRICE/SF

$6 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

OI

APN/PARCEL ID

072-001X

ASK ABOUT THIS PROPERTY

Patty BurnsFickling & CompanyMore Info
478-951-5100

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Patty BurnsFickling & CompanyMore Info
478-951-5100

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