202 12Th AveCordele, GA 31015

Property Details for 202 12Th Ave

Year built

1925

Lot size

0.17 AC

Property size (Sq ft)

2,597 SF

Zone code

COMMERCIAL

Property type

Office properties

APN

C11-168

APU

C11168

Description

This exceptional 1-square-foot executive office space, located at 202 E 12th Ave in Cordele, Georgia (zip code 31015), presents a unique investment opportunity. Built in 1925, this property sits on a 0.17-acre lot (APN: C11 168) and is zoned for Office and Institutional use, offering remarkable versatility. Its central Cordele location ensures high visibility and convenient access to local amenities. The flexible zoning allows for a diverse range of uses, including but not limited to: medical offices, legal or accounting firms, beauty salons, small retail businesses, or even cafes. This makes it ideal for professionals seeking a prominent location to establish or expand their business. The property's prime location in Cordele, where commercial and residential uses blend seamlessly, presents a compelling opportunity for investors and entrepreneurs alike. This is a rare chance to acquire a piece of Cordele's vibrant commercial landscape. The asking price is $185,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $297,286

  6.5%

  $274,418

  7%

  $254,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $184,621

  Geo Method

  $184,621

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $656,006

  Retail / Commercial

  $313,739

  Mixed-Use / Specialty

  $294,766

  Hospitality / Lodging

  $193,014

  Institutional / Educational

  $300,056

  Residential Income

  $351,066

  Multifamily

  $520,032

  Automotive / Energy

  $257,191

  Parking / Income-Based Land

  $106,394

  Restaurant / Food Service

  $115,205

  Healthcare / Senior Housing

  $320,586

Location Insight

City

Cordele

County

Crisp

State

Georgia

Latitude

31.9678

Longitude

-83.7809

CBSA code

18380

CBSA name

CORDELE, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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