2631 Columbia StMilledgeville, GA 31061

Property Details for 2631 Columbia St

Year built

1989

Construction

STEEL FRAME

Lot size

7.39 AC

Property size (Sq ft)

25,129 SF

Zone code

COMMERCIAL

Property type

Motels

APN

067 008

APU

67008

Description

This exceptional 3.15-acre commercial land parcel presents a remarkable investment opportunity in Milledgeville, Georgia. Located at 2631 North Columbia St, this property is ideally situated within a thriving community and boasts a highly desirable Community Commercial zoning designation. The land is comprised of two conveniently sized outparcels, one measuring 1.8 acres and the other 1.35 acres, both of which are fully pad-ready, eliminating significant development hurdles and accelerating the timeline to occupancy. All essential utilities are readily available, simplifying the construction process and minimizing upfront costs. The level topography further enhances the site's suitability for a wide range of commercial developments. With a total asking price of $787,500, this translates to a land value of $250,000 per acre, representing a compelling price point for this prime location. The property's zoning and features make it exceptionally well-suited for retail establishments, office spaces, or restaurants, offering significant potential for strong returns on investment. This is a rare opportunity to acquire a strategically located, fully prepared commercial land parcel in a growing Georgia market. The address is 2631 North Columbia St, Milledgeville, GA 31061, in Baldwin County.

• CAP approach

  CAP return

  Valuation

  6%

  $6,132,724

  6.5%

  $5,660,976

  7%

  $5,256,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,518,907

  Geo Method

  $11,518,907

• Alternative Use

  Use

  Valuation

  Residential

  $6,180,140

  Hospitality

  $5,660,976

  Educational

  $4,709,866

  Medical

  $4,871,845

  Retail

  $7,326,457

Location Insight

City

Milledgeville

County

Baldwin

State

Georgia

Latitude

33.1272

Longitude

-83.2648

CBSA code

33300

CBSA name

MILLEDGEVILLE, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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