For Sale
$520,000

308 Mary St Waycross, GA 31501

Large Commercial Building, High Rental Income, Waycross, GA

Overview

Added:
Feb 3
Days on market:
73
This exceptional Waycross commercial property at 308 Mary Street offers a compelling investment opportunity. The 24,500 square foot building currently houses two established tenants, The Crest Cafe and Wiley's Top Shelf, generating a substantial monthly rental income of $6,000. This income stream is complemented by an additional 12,000 square feet of readily available space upstairs, presenting significant potential for future lease agreements and increased revenue. The property sits on a 0.31-acre lot and boasts convenient access via three street entrances on Mary Street, Lott Street, and Alice Street. A spacious courtyard adds to the property's appeal and functionality. The building's size and location in the heart of Waycross make it an ideal investment for those seeking a strong return on investment in a thriving commercial area. The existing tenants provide a stable income base, while the substantial vacant space offers considerable upside potential for growth and expansion. This property presents a rare opportunity to acquire a well-situated, income-producing commercial building with significant room for future development. The combination of existing rental income and the potential for increased occupancy makes this a highly attractive investment prospect.

Property Details for 308 Mary St

Property type
Commercial real estate
Square Feet
24,500 SF
Year Built
1912
Lot Size (sq. ft)
13,504 SF

Location Insight

City
Waycross
County
Ware
State
Georgia
Latitude
31.21069
Longitude
-82.35851
308 Mary St, Waycross, Georgia

FAQs

What type of property is this?
Commercial real estate - Large Commercial Building, High Rental Income, Waycross, GA
Where is the commercial real estate located?
The property is located at 308 Mary St Waycross, GA.
What is the asking price?
The asking price for this property is $520,000.
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308 Mary St
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