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MLS Number:
129557
List Price:
$750,000
# Full Baths:
Area:
3-S of Park Ave to E Oak St to S Hill Ave
Direction:
N
Street #:
217
Street Name:
Ashley Street
City:
Valdosta
State:
GA
Zip Code:
31601
Historic District:
Yes
Electricity:
220 Volts
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Cooling:
Electric, Other
Heating:
Electric
Parking:
Other
Road:
Paved
Sewer:
Public Sewer
Water:
Public
Year Built:
Zoning:
C-D
Business Type:
Professional Service
Property Type:
Commercial Sale
Property Description:
Historic downtown office building in excellent shape ready for a new owner. Building consists of three floors 95% occupied with single tenant on first floor and individual offices for small businesses on remaining floors. The building has been renovated in recent years with updated restrooms, floors, windows and paint. Each floor has his and her common restrooms, elevator that services each floor and private coded entry rear door. Owner provides electricity, janitorial service, WIFI and water. Building includes a wet sprinkler system in place. Gross for rents 2021- $86, 000 which is below market rent and could easily increase by 10 to 15 percent. 8% Cap rate at current GRI based on 30% OPEX Factor.
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