1111 Magnolia Bluff WayDarien, GA 31305
- Other commercial real estate
- 277,237 SF
Property Details for 1111 Magnolia Bluff Way
- Year built
- 1995
- Lot size
- 42.19 AC
- Property size (Sq ft)
- 277,237 SF
- Property type
- Other commercial real estate
- Property subtype
- Outlet malls
Description
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.
Location Insight
- City
- Darien
- County
- McIntosh
- State
- Georgia
- Latitude
- 31.396
- Longitude
- -81.4522
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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