121 Barnard StGlennville, GA 30427

Property Details for 121 Barnard St

Year built

1934

Lot size

0.07 AC

Property size (Sq ft)

5,520 SF

Zone code

2

Property type

Retail space

APN

G11 020

APU

G11020

Description

This exceptional commercial portfolio in Glennville, Georgia presents a unique investment opportunity. The offering includes five distinct properties totaling a significant footprint along Barnard Street and extending to Gross Street. The centerpiece is a historic building, formerly a beloved local movie theater, rich in character and brimming with redevelopment potential. Its versatile layout offers numerous possibilities for adaptive reuse. Adjacent to this iconic structure are several additional storefronts, including a former dry cleaner situated next to Gibson McDonald's, creating a cohesive commercial block. Further enhancing this portfolio is a substantial warehouse located on Gross Street, extending all the way to Veterans Boulevard. This expansive warehouse features two convenient main entrances, ideal for various business operations requiring ample space and accessibility. The combined properties offer a rare chance to acquire a substantial piece of Glennville's commercial landscape, with the potential for significant returns on investment. While the properties are available for sale collectively, individual offers will be considered. The total land area encompasses 0.06 acres. The asking price for the entire portfolio is $220,000. This is a remarkable opportunity to own a piece of Glennville's history and shape its future.

• CAP approach

  CAP return

  Valuation

  6%

  $1,298,304

  6.5%

  $1,198,434

  7%

  $1,112,832

• Comparable approach

  Method

  Valuation

  Relative Method

  $946,046

  Geo Method

  $946,046

• Alternative Use

  Use

  Valuation

  Residential

  $1,010,924

  Hospitality

  $926,001

  Educational

  $770,422

  Medical

  $796,918

  Retail

  $1,198,434

Location Insight

City

Glennville

County

Tattnall

State

Georgia

Latitude

31.9356

Longitude

-81.9267

Property Tax & Assessments

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