900 Barrows Ferry RdMilledgeville, GA 31061

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

Medical offices

Property subtype

Medical centers

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.

• 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

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

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