1610 Alice StWaycross, GA 31501

Property Details for 1610 Alice St

Year built

1952

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

1,860 SF

Zone code

COMMERCIAL

Property type

Medical offices

Property subtype

Medical centers

APN

WA15-02-044

APU

WA1502044

Description

This exceptional 1,860 square foot medical office building, situated on a 0.26-acre lot at 1610 Alice Street in Waycross, Georgia, presents a unique investment opportunity. Recently and completely renovated, the property boasts fresh paint, new flooring, updated lighting, modern bathroom fixtures, and stylish cabinetry throughout. The layout is highly functional, featuring a spacious waiting area with a reception window, providing excellent patient flow. Beyond the reception area, a back hallway leads to two well-appointed offices or exam rooms, a public restroom, and a convenient kitchen/breakroom with a staff restroom. A sizable office area offers ample counter and cabinet storage, enhancing efficiency and organization. An additional room at the rear of the building, accessible via its own private entrance, provides versatile space that could serve as an extra office, conference room, or flexible area to accommodate evolving business needs. Both restrooms are half baths. The property's prime location, just blocks from the local hospital, ensures high visibility and convenient access for patients and staff. This turnkey operation is ready for immediate occupancy and presents a compelling opportunity for medical professionals or investors seeking a high-return property in a thriving community. The asking price is $235,000.

• CAP approach

  CAP return

  Valuation

  6%

  $297,600

  6.5%

  $274,708

  7%

  $255,086

• Comparable approach

  Method

  Valuation

  Relative Method

  $126,499

  Geo Method

  $126,499

• Alternative Use

  Use

  Valuation

  Residential

  $340,638

  Hospitality

  $312,022

  Educational

  $259,599

  Medical

  $268,527

  Retail

  $403,820

Location Insight

City

Waycross

County

Ware

State

Georgia

Latitude

31.2227

Longitude

-82.3485

CBSA code

48180

CBSA name

WAYCROSS, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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