40 Cherry StStatesboro, GA 30458

Property Details for 40 Cherry St

Year built

1960

Construction

STEEL FRAME

Lot size

1.92 AC

Property size (Sq ft)

36,000 SF

Zone code

LI

Property type

Retail properties

Property subtype

Outlet malls

APN

S18-170-000

APU

S18170000

Description

This exceptional 36,000-square-foot industrial warehouse, located at 40 W Cherry Street in Statesboro, Georgia, presents a significant leasing opportunity. Situated on a 0.89-acre lot, this single-tenant property offers a versatile space suitable for warehouse, manufacturing, flex, or distribution operations. Built in 1975, the building features one dock-high door and one drive-in door, providing convenient access for loading and unloading. The property is zoned for light industrial use, ensuring compatibility with a variety of businesses. While elevators are not present, the building's layout is designed for efficient material handling. The property's location within Bulloch County offers excellent access to transportation networks and a growing local economy. This is an ideal space for businesses seeking a functional and well-located industrial facility in a thriving market. The lease rate is available upon inquiry. Interested parties should contact the listing agent for further details and to schedule a viewing. This property represents a rare opportunity to secure a substantial industrial space in a desirable location. Don't miss out on this chance to establish or expand your business in Statesboro, Georgia.

• CAP approach

  CAP return

  Valuation

  6%

  $7,918,824

  6.5%

  $7,309,684

  7%

  $6,787,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,343,648

  Geo Method

  $6,169,867

• Alternative Use

  Use

  Valuation

  Residential

  $6,165,992

  Hospitality

  $5,648,016

  Educational

  $4,699,082

  Medical

  $4,860,691

  Retail

  $7,309,684

Location Insight

City

Statesboro

County

Bulloch

State

Georgia

Latitude

32.4478

Longitude

-81.7869

CBSA code

44340

CBSA name

STATESBORO, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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