For Sale
$1,100,000

871 Northside DrStatesboro, GA 30458

High-traffic, multi-tenant retail center

Overview

Added:
Dec 11, 2024
Days on market:
119
This Statesboro, GA retail center presents a compelling investment opportunity. Located at 871 Northside Dr E, this 7,430 square foot, Class C shopping center boasts 100% occupancy with three established tenants: Statesboro Paint, 3:16 Church, and C&E Learning Center Daycare. The property, built in 1992, sits on a 0.53-acre lot and features a single-story building with multiple front entrances and display windows, ideal for retail businesses. A private fenced area with a roll-up door offers additional parking or storage space. The property benefits from excellent visibility due to its high-traffic corner location on Northside Drive/Highway 80 East, enhanced by prominent on-site signage. The current NOI is $74,964, with a 6.81% cap rate, and a pro-forma NOI of $110,767, representing a 10.07% pro-forma cap rate. The asking price is $1,100,000, translating to a price per square foot of $148.05. The property is zoned ZN34. This multi-tenant retail center offers a strong cash flow and significant upside potential for investors seeking a stable, high-visibility retail investment in a growing market. The property's flexible layout allows for various uses, making it an attractive option for both current and future tenants.

Highlights

  • High-visibility corner lot on Northside Drive/Highway 80 East, offering excellent traffic flow.
  • 7,430 SF building with three existing tenant spaces, providing flexible layout options.
  • Multiple front entrances and display windows, ideal for retail or service businesses.
  • Private fenced area with roll-up door, suitable for parking or storage.
  • Excellent on-site signage ensures high brand visibility.

Property Details for 871 Northside Dr

Property type
Lifestyle centers, Power centers
Square Feet
7,430 SF
Class
C
Year Built
1992
Buildings
1
Stories
1
Lot Size (sq. ft)
23,087 SF
Units
3

Location Insight

City
Statesboro
County
Bulloch
State
Georgia
Latitude
32.442802149381
Longitude
-81.767971354752
871 Northside Dr, Statesboro, Georgia

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871 Northside Dr
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