1848 Northside DrStatesboro, GA 30458

Property Details for 1848 Northside Dr

Year built

1982

Lot size

6.64 AC

Property size (Sq ft)

44,650 SF

Zone code

CR

Property type

Retail properties

Property subtype

Outlet malls

APN

S38-034-000

APU

S38034000

Description

This exceptional retail investment opportunity presents 44,654 square feet of prime commercial space situated on a 6.64-acre lot in the thriving city of Statesboro, Georgia. Located at 1848 Northside Dr E, this neighborhood center, zoned CR (Commercial Retail), boasts a strong tenant mix including established businesses such as Citi Trends, Save A Lot, Ace Hardware, and Credit Central Loans. The property's APN is S38-035-000 and is situated in Bulloch County. Currently, one 2,400 square foot space is available, presenting a unique chance to expand existing businesses or attract new tenants to this high-traffic area. The center benefits from its strategic location within Statesboro's vibrant shopping and dining district, surrounded by complementary businesses like Advanced Auto Parts, O'Reilly Auto Parts, Badcock Furniture, Braswell's food manufacturing, and the Statesboro City Public Works Department. This property offers significant potential for investors seeking a stable and growing retail investment in a dynamic market. The property's size and location make it an ideal investment for both established and emerging businesses. The strong tenant base and surrounding commercial activity ensure a high level of foot traffic and visibility. This is a rare opportunity to acquire a well-established retail center in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $9,821,516

  6.5%

  $9,066,015

  7%

  $8,418,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,867,744

  Geo Method

  $7,652,349

• Alternative Use

  Use

  Valuation

  Residential

  $7,647,522

  Hospitality

  $7,005,090

  Educational

  $5,828,152

  Medical

  $6,028,592

  Retail

  $9,066,015

Location Insight

City

Statesboro

County

Bulloch

State

Georgia

Latitude

32.4555

Longitude

-81.7755

CBSA code

44340

CBSA name

STATESBORO, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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