900 Barrows Ferry RdMilledgeville, GA 31061

  • Healthcare properties
  • 8,455 SF
For Sale
$595,000 View listing

Property Details for 900 Barrows Ferry Rd

Year built
1960
Construction
STEEL FRAME
Lot size
2.66 AC
Property size (Sq ft)
8,455 SF
Zone code
RESIDENTIAL
Property type
Healthcare properties
Property subtype
Medical offices
APN
M80 110
APU
M80110

Description

This Milledgeville, Georgia property offers 31,213 square feet of flexible industrial space across three buildings: an 8,455 sq ft office building, a 14,358 sq ft warehouse/service building, and an 8,400 sq ft warehouse. Situated on a 2.67-acre lot zoned SFR2, this complex boasts a convenient location minutes from downtown Milledgeville and the bustling North Columbia Street retail corridor. The asking price is $595,000, translating to $19.06 per square foot. Built in 1960, the property benefits from its proximity to key institutions like Atrium Health Navicent Baldwin, Georgia College State University, and Georgia Military College, as well as numerous businesses and retailers. An adjacent parcel is also available for purchase. A "no further action" letter is available upon request. This presents an exceptional opportunity for investors seeking a versatile commercial property with significant development potential in a thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,816,675
    6.5%
    $1,676,931
    7%
    $1,557,150
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,649,232
    Geo Method
    $1,649,232
  • Alternative Use

    Use
    Valuation
    Residential
    $2,079,394
    Hospitality
    $1,904,714
    Educational
    $1,584,699
    Medical
    $1,639,200
    Retail
    $2,465,088
900 Barrows Ferry Rd, Milledgeville, Georgia

Location Insight

City
Milledgeville
County
Baldwin
State
Georgia
Latitude
33.0944
Longitude
-83.2246
CBSA code
33300
CBSA name
MILLEDGEVILLE, 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
$7,337
$14,164
$191,748
$205,912
-
$35,410
$479,370
$514,780

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