365 Columbia AveRincon, GA 31326

  • Retail properties
  • 7,566 SF
For Lease

Property Details for 365 Columbia Ave

Year built
1992
Construction
TYPE NOT SPECIFIED
Lot size
1.48 AC
Property size (Sq ft)
7,566 SF
Zone code
GC
Property type
Retail properties
Property subtype
Other individual retail properties
APN
R2120001A00
APU
R2120001A00

Description

This exceptional 3.83-acre commercial property, located at 365 S Columbia Ave in Rincon, Georgia (zip code 31326), presents a remarkable development opportunity. Situated in Effingham County, this Class A site is ideally positioned within Rincon's thriving retail corridor, offering unparalleled visibility and accessibility. The property is designated as Retail, Land, and Restaurant, allowing for diverse development options. The land is available via a ground lease and is suitable for subdivision, providing flexibility for various project scales and configurations. This multiple-tenancy site boasts a prime location, making it an attractive investment for developers seeking to capitalize on Rincon's robust commercial growth. Detailed information regarding lease terms and subdivision possibilities is available upon request. The property's coordinates are 32.28042244609962 latitude and -81.23205253915765 longitude. This is a rare chance to acquire a significant parcel in a high-demand area. Don't miss this opportunity to secure a foothold in Rincon's dynamic commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,304,637
    6.5%
    $2,127,357
    7%
    $1,975,403
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,704,518
    Geo Method
    $1,296,700
  • Alternative Use

    Use
    Valuation
    Residential
    $1,794,506
    Hospitality
    $1,643,757
    Educational
    $1,367,587
    Medical
    $1,414,620
    Retail
    $2,127,357
365 Columbia Ave, Rincon, Georgia

Location Insight

City
Rincon
County
Effingham
State
Georgia
Latitude
32.2808
Longitude
-81.2315
CBSA code
42340
CBSA name
SAVANNAH, GA METROPOLITAN 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
$9,601
$340,268
$24,391
$364,659
-
$850,669
$60,978
$911,647

FAQs

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