906 1St St Vidalia, GA 30474

This exceptional investment opportunity presents the Vidalia Shopping Center, a 53,673 square foot retail property located at 906 E. First St, Vidalia, GA 30474. The property consists of two single-story buildings built in 1960 and 1974, situated on a 2.38-acre lot zoned C1. Currently boasting 100% occupancy with nine tenants, including DaVita, this multi-tenant shopping center offers a strong, diverse tenant mix. The property generates a Net Operating Income (NOI) of $142,819, resulting in a 4.34% cap rate, and is offered at an asking price of $3,290,000. The lease type is modified, with multiple tenants on month-to-month agreements, presenting immediate opportunities for lease renewals and potential rental increases. The center benefits from ample parking and excellent visibility along a main corridor, experiencing a high daily vehicle count of 12,800. A new roof was installed in late 2018. This fee-simple ownership opportunity is a value-add investment in a high-demand area with a vibrant business community. The property's versatile space is suitable for a range of businesses. The property's APN is V25 034.