For Sale
$489,000

3844 Gentian BlvdColumbus, GA 31907

Columbus Shopping Center: Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This Columbus, Georgia shopping center presents a compelling value-add investment opportunity. Located at 3844 Gentian Blvd, 31907, this Class C, multi-tenant property offers 6,265 square feet across six units. Currently boasting a 66% occupancy rate (four of six units leased), the property generates a net operating income (NOI) of $54,997, representing an attractive 11.25% capitalization rate. The asking price is $489,000, translating to $78.05 per square foot. The property is currently operating under a modified lease structure. With a potential for increased rental income to an estimated $6,600 per month if fully occupied, this shopping center offers significant upside potential for investors seeking to enhance their portfolio. The property's location in Muscogee County provides convenient access to local amenities and a strong tenant base. This is an ideal opportunity for investors looking for a retail property with immediate cash flow and significant growth potential. The property is well-suited for office use.

Property Details for 3844 Gentian Blvd

Property type
Lifestyle centers, Power centers
Square Feet
6,265 SF
Class
C
Units
6

Location Insight

City
Columbus
County
Muscogee
State
Georgia
Latitude
32.509474457028
Longitude
-84.930342548281
3844 Gentian Blvd, Columbus, Georgia

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3844 Gentian Blvd
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