667 Godfrey RdAllenhurst, GA 31301

Property Details for 667 Godfrey Rd

Year built

1992

Lot size

1.12 AC

Property size (Sq ft)

960 SF

Zone code

UNZONED RURAL

Property type

Retail properties

Property subtype

Bars

APN

080 C 117

APU

080C117

Description

This exceptional 1.12-acre commercial property, located at 667 Godfrey Road SE in Allenhurst, Georgia, presents a remarkable investment opportunity. Currently zoned C4, this versatile site boasts a variety of existing structures, providing immediate utility and significant upside potential. The main building, formerly a retail store and laundry facility, offers a spacious layout ideal for a range of commercial ventures. Its functional design includes four bathrooms, catering to both staff and customer needs. Adding to the property's value are three substantial warehouses, providing ample storage or operational space. These structures are well-suited for inventory management, distribution, or light manufacturing. The property's expansive size allows for considerable expansion of the existing buildings or the development of entirely new structures. The C4 zoning permits a diverse range of commercial uses, including retail, office space, light industrial applications, or mixed-use developments. This presents a unique chance for businesses seeking expansion or investors looking for a solid foundation with substantial growth potential in a prime Allenhurst location. The asking price is $499,999. This property offers a compelling blend of existing infrastructure and future development possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $225,792

  6.5%

  $208,423

  7%

  $193,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $164,530

  Geo Method

  $164,530

• Alternative Use

  Use

  Valuation

  Residential

  $175,813

  Hospitality

  $161,044

  Educational

  $133,986

  Medical

  $138,594

  Retail

  $208,423

Location Insight

City

Allenhurst

County

Long

State

Georgia

Latitude

31.7584

Longitude

-81.6282

CBSA code

25980

CBSA name

HINESVILLE-FORT STEWART, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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