For Sale
$7,500,000

1111 Magnolia Bluff WayDarien, GA 31305

Georgia Outlet Mall: Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
119
This 277,237 square foot, Class B shopping center in Darien, Georgia presents a compelling value-add redevelopment opportunity. Currently 7% occupied, the property offers significant upside potential with flexible zoning and no existing leases limiting redevelopment. Situated on a 42.19-acre lot, the center boasts excellent visibility and highway access, directly adjacent to I-95 with strong daily traffic counts exceeding 61,100 vehicles. The asking price is $7,500,000 ($27.05/sq ft, $177,767/acre), significantly below replacement cost. The property is strategically located between Jacksonville and Savannah, near Brunswick, and benefits from a high average household income of $99,031 within a 5-mile radius. Current tenant is a YMCA. The property's location near McDonald's and Burger King further enhances its appeal. This distressed asset offers a unique chance to capitalize on a prime location and substantial land area. The 1995-built center is ready for a complete transformation.

Highlights

  • Value-add redevelopment opportunity.
  • I-95 highway exit adjacency with excellent visibility.
  • 7% occupancy; no existing leases hindering redevelopment.
  • Priced below replacement cost at $27/sf.
  • 42-acre site with flexible zoning.
  • Adjacent to McDonald's and Burger King.

Property Details for 1111 Magnolia Bluff Way

Property type
Outlet malls, Lifestyle centers
Square Feet
277,237 SF
Class
B
Year Built
1995
Lot Size (sq. ft)
1,837,796 SF

Location Insight

City
Darien
County
McIntosh
State
Georgia
Latitude
31.3960192
Longitude
-81.4521888
1111 Magnolia Bluff Way, Darien, Georgia

FAQs

What type of property is this?
Outlet mall - Georgia Outlet Mall: Redevelopment Potential
Where is the outlet mall located?
The property is located at 1111 Magnolia Bluff Way Darien, GA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Value-add redevelopment opportunity.; I-95 highway exit adjacency with excellent visibility.; 7% occupancy; no existing leases hindering redevelopment.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1111 Magnolia Bluff Way
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