808 Main StStatesboro, GA 30458

Property Details for 808 Main St

Year built

2006

Construction

STEEL FRAME

Lot size

1.05 AC

Property size (Sq ft)

5,000 SF

Zone code

CR

Property type

Retail properties

Property subtype

Auto shops

APN

MS52 -028A-000

APU

MS52028A000

Description

This exceptional commercial property, located at 808 Main Street in Statesboro, Georgia, presents a unique investment opportunity. Situated on a highly desirable 1.05-acre lot on the Blue Mile, adjacent to Georgia Southern University, this well-maintained steel building offers excellent visibility and accessibility. Constructed in 2006, the 5,000-square-foot building currently operates as an auto body repair shop, boasting a prime location with frontage on South Main Street/US Highway 301 and rear access from Old Register Way. The property includes a spacious office area complete with a lobby, bathroom, and a functional security system. A convenient breakroom equipped with a refrigerator, sink, counter space, and water fountain is also available. Ample parking is provided with 10 designated spots. The building features five 10' wide x 14' tall bay doors on the parking lot side and two additional 10' x 12' doors at the rear. While the compressor will be removed, the existing airline system, wall reels, and a manual bridge crane will remain for the new owner's use. This versatile property offers significant potential for a variety of businesses and is also available with a triple net lease option. The property's strategic location, ample space, and existing infrastructure make it an attractive proposition for discerning investors and entrepreneurs alike.

• CAP approach

  CAP return

  Valuation

  6%

  $1,099,835

  6.5%

  $1,015,232

  7%

  $942,715

• Comparable approach

  Method

  Valuation

  Relative Method

  $881,051

  Geo Method

  $856,926

• Alternative Use

  Use

  Valuation

  Residential

  $856,386

  Hospitality

  $784,445

  Educational

  $652,649

  Medical

  $675,095

  Retail

  $1,015,232

Location Insight

City

Statesboro

County

Bulloch

State

Georgia

Latitude

32.4224

Longitude

-81.792

CBSA code

44340

CBSA name

STATESBORO, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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