8589 Hwy 16Valdosta, GA 31604
- Retail properties
- 2,139 SF
Property Details for 8589 Hwy 16
- Year built
- 2007
- Property size (Sq ft)
- 2,139 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This thriving retail property, located at 8589 Hwy 16 W in Valdosta, Georgia, presents a compelling investment opportunity. Currently operating as a successful tire and lube center, this 2,139 square foot building boasts a strong 100% occupancy rate with a remaining lease term of 2 years. Built in 2007, the property features three garage doors, lifts for auto repair and brake service, and prominent building signage. The asking price is $350,000, translating to a price per square foot of $163.63 and a compelling 6.80% cap rate. The property generates a Net Operating Income (NOI) of $23,807 annually, making it an attractive addition to any investment portfolio. The property is situated in close proximity to downtown Monticello, offering convenient access to a substantial customer base. This is a gross lease, simplifying management and maximizing return. The property's strong performance and prime location make it an ideal investment for those seeking a stable, income-producing asset in a growing market. The APN is M04 007.
Location Insight
- City
- Valdosta
- County
- Monticello
- State
- Georgia
- Latitude
- 30.8827
- Longitude
- -83.2757
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