118 Market StWarner Robins, GA 31093

Property Details for 118 Market St

Year built

1956

Construction

WOOD

Lot size

0.04 AC

Property size (Sq ft)

1,180 SF

Zone code

C3

Property type

Individual retail properties

APN

0W026A 012000

APU

0W026A012000

Description

This exceptional 1,180-square-foot commercial property, located at 118 Market Street in Warner Robins, Georgia, presents a unique investment opportunity. Situated on a 0.04-acre lot, this single-story, 1956-built building is zoned C3 and boasts 100% occupancy with a month-to-month lease. Currently configured as a barber shop and being adapted for restaurant use, this versatile space is ideal for owner-users seeking a high-traffic location. The property is part of a redeveloping commercial area in Warner Robins, benefiting from its proximity to the major intersection of Davis Drive and Watson Boulevard, and its convenient location near Robins Air Force Base. The asking price is $75,000, translating to $63.56 per square foot. The property features one unit with a net rentable area of 1,180 square feet. The property's APN is 0W026A 012000. Please note that the tenant should not be disturbed. The occupancy date is August 26, 2024. This is a net lease with no tenant credit rating.

• CAP approach

  CAP return

  Valuation

  6%

  $220,631

  6.5%

  $203,659

  7%

  $189,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $580,030

  Geo Method

  $580,030

• Alternative Use

  Use

  Valuation

  Residential

  $171,794

  Hospitality

  $157,362

  Educational

  $130,924

  Medical

  $135,426

  Retail

  $203,659

Location Insight

City

Warner Robins

County

Houston

State

Georgia

Latitude

32.6191

Longitude

-83.6137

CBSA code

47580

CBSA name

WARNER ROBINS, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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