2330 Memorial DrWaycross, GA 31503

Property Details for 2330 Memorial Dr

Year built

2001

Lot size

1.94 AC

Property size (Sq ft)

10,665 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

WA24-09-007

APU

WA2409007

Description

This exceptional 0.9-acre commercial land parcel presents a remarkable investment opportunity in Waycross, Georgia. Located at 2330 Memorial Dr (US 23), this property boasts a highly desirable location within a thriving retail corridor, directly adjacent to a Lowe's store. The site benefits from excellent visibility and accessibility, featuring a dedicated turn lane with convenient ingress and egress onto Pafford Lake Rd. Daily traffic counts on Memorial Drive exceed 13,000 vehicles, ensuring significant exposure for any commercial development. Across Memorial Drive, a cluster of established retailers including Walmart, Five Below, Dollar Tree, Ross Dress for Less, and Bealls, further enhances the property's strategic position. The property is zoned for commercial use (APN: WA2409 007) and offers significant potential for a variety of commercial ventures. This is a rare opportunity to acquire a prime commercial lot in a high-traffic area with strong existing retail presence. The asking price is $1,250,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,508,408

  6.5%

  $2,315,454

  7%

  $2,150,064

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,827,823

  Geo Method

  $1,827,823

• Alternative Use

  Use

  Valuation

  Residential

  $1,953,172

  Hospitality

  $1,789,095

  Educational

  $1,488,506

  Medical

  $1,539,698

  Retail

  $2,315,454

Location Insight

City

Waycross

County

Ware

State

Georgia

Latitude

31.196

Longitude

-82.3232

CBSA code

48180

CBSA name

WAYCROSS, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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