2164 Northside DrStatesboro, GA 30458

Property Details for 2164 Northside Dr

Year built

1970

Lot size

0.35 AC

Property size (Sq ft)

4,708 SF

Zone code

HOC

Property type

Retail properties

Property subtype

Auto shops

APN

S27-007-000

APU

S27007000

Description

This exceptional 2.66-acre commercial property, located at 2164 E Northside Drive in Statesboro, Georgia, presents a significant investment opportunity. The property encompasses a substantial 15,390 square feet and is offered at $3,250,000. Alternatively, the seller is open to subdividing the land. One option involves the sale of three parcels on Northside Drive East, totaling 3.25 million dollars, with an asking price of $1.75 million for this combined section. The parcel identification numbers for this option are S27 000006 000, S27 000007 000, and S27 000018A000. A second option involves the sale of three parcels located on Oak Street, also totaling $1.7 million. The parcel identification numbers for this option are S27 000017 001, S27 000009 000, and S27 000010 000. This prime location in Statesboro offers excellent visibility and accessibility, making it suitable for a wide range of commercial ventures. The substantial acreage provides ample space for development, allowing for flexibility in design and functionality. Serious inquiries are encouraged to explore the potential of this unique commercial land offering. The seller is motivated and open to discussing various purchase options.

• CAP approach

  CAP return

  Valuation

  6%

  $1,035,606

  6.5%

  $955,944

  7%

  $887,662

• Comparable approach

  Method

  Valuation

  Relative Method

  $829,605

  Geo Method

  $806,882

• Alternative Use

  Use

  Valuation

  Residential

  $806,374

  Hospitality

  $738,634

  Educational

  $614,535

  Medical

  $635,670

  Retail

  $955,944

Location Insight

City

Statesboro

County

Bulloch

State

Georgia

Latitude

32.4558

Longitude

-81.7816

CBSA code

44340

CBSA name

STATESBORO, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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