106 16Th AveCordele, GA 31015

Property Details for 106 16Th Ave

Year built

1970

Lot size

0.43 AC

Property size (Sq ft)

4,736 SF

Zone code

RESIDENTIAL

Property type

Retail properties

Property subtype

Strip malls

APN

C12-137

APU

C12137

Description

This 38,818 square foot retail shopping center presents a compelling redevelopment opportunity. Located in Cordele, Georgia, at 106, 112 & 116 E 16th Ave and 107 E 17th Ave, this multi-tenant property sits on a two-acre lot with excellent street frontage on 17th Avenue, 7th Street, and 16th Avenue. The asking price is $975,000. The property is currently operating under a modified lease structure. The existing building offers significant potential for repositioning and modernization to meet current market demands. Its prime location in Cordele, Crisp County, Georgia (zip code 31015), offers high visibility and accessibility. The substantial square footage and ample land provide flexibility for a variety of redevelopment scenarios, from complete renovation to adaptive reuse. This is an exceptional chance to acquire a well-situated property with significant upside potential in a growing market. The property's current underperformance presents a unique opportunity for an investor to add value and generate strong returns. Detailed financial information and property specifics are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $703,191

  6.5%

  $649,100

  7%

  $602,735

• Comparable approach

  Method

  Valuation

  Relative Method

  $848,439

  Geo Method

  $848,439

• Alternative Use

  Use

  Valuation

  Residential

  $547,540

  Hospitality

  $501,544

  Educational

  $417,278

  Medical

  $431,629

  Retail

  $649,100

Location Insight

City

Cordele

County

Crisp

State

Georgia

Latitude

31.9633

Longitude

-83.7819

CBSA code

18380

CBSA name

CORDELE, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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