601 Blackwell StWaycross, GA 31501

Property Details for 601 Blackwell St

Year built

1986

Construction

CONCRETE

Lot size

0.23 AC

Property size (Sq ft)

730 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

WA18-16-032

APU

WA1816032

Description

This 810-square-foot restaurant building in Waycross, Georgia, presents a unique investment opportunity at an asking price of $125,000. Located at 601 Blackwell St, this single-tenancy property sits on a 0.45-acre lot (APN: WA1816 032: WA1816 033) and boasts approximately 204 feet of high-visibility road frontage. Currently used for the sale of small goods on a Thursday-Saturday schedule with varying hours, the property is offered without an existing lease, providing significant flexibility for the new owner. The versatile space has previously housed a variety of businesses, including restaurants, boutiques, and a nail salon/massage establishment, demonstrating its adaptability to diverse commercial uses. The included adjacent parcel (WA1816 033) offers ample potential for developing a parking lot, further enhancing the property's appeal and functionality. This prime real estate in Ware County, Georgia (zip code 31501) offers exceptional value and significant upside potential for a savvy investor seeking a foothold in a thriving market. The property's location at 31.2059655 latitude and -82.3464076 longitude ensures easy access and high visibility for any business. This is a rare chance to acquire a well-situated commercial property at an incredibly competitive price.

• CAP approach

  CAP return

  Valuation

  6%

  $127,546

  6.5%

  $117,734

  7%

  $109,325

• Comparable approach

  Method

  Valuation

  Relative Method

  $51,633.20

  Geo Method

  $51,633.20

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $222,818

  Mixed-Use / Specialty

  $120,052

  Hospitality / Lodging

  $91,643.10

  Office

  $122,191

  Institutional / Educational

  $125,785

  Residential Income

  $147,168

  Multifamily

  $161,328

  Automotive / Energy

  $107,815

  Parking / Income-Based Land

  $34,500.90

  Restaurant / Food Service

  $68,283.10

  Healthcare / Senior Housing

  $120,304

Location Insight

City

Waycross

County

Ware

State

Georgia

Latitude

31.2059

Longitude

-82.3464

CBSA code

48180

CBSA name

WAYCROSS, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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