202 12Th AveCordele, GA 31015

  • Office properties
  • 2,597 SF
For Sale
$185,000 View listing

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
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $262,311
    6.5%
    $242,133
    7%
    $224,838
  • Comparable approach

    Method
    Valuation
    Relative Method
    $184,621
    Geo Method
    $184,621
  • Alternative Use

    Use
    Valuation
    Residential
    $300,245
    Hospitality
    $275,023
    Educational
    $228,816
    Medical
    $236,685
    Retail
    $355,936
202 12Th Ave, Cordele, Georgia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,471
$7,500
$31,740
$39,240
-
$18,749
$79,350
$98,099

FAQs

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