447 Ossie Davis PkwyWaycross, GA 31501

Property Details for 447 Ossie Davis Pkwy

Year built

1947

Lot size

2.87 AC

Property size (Sq ft)

16,154 SF

Zone code

UNZONED URBAN

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WA08-01-014

APU

WA0801014

Description

This exceptional commercial property, located at 447 Ossie Davis Pkwy, Waycross, GA 31501, is offered at $1,500,000. Classified as retail and special purpose, this auto shop boasts a highly visible location with over 11,000 daily vehicles passing by, ensuring maximum exposure. The expansive lot size provides ample space for development or expansion. The existing building features over 20 service bays, a large showroom, extensive storage areas, a breakroom, and multiple offices. Its strategic position offers excellent access to major roadways within a thriving commercial area of Ware County. This property presents a rare opportunity to acquire a prime commercial location in Waycross. While the current business operating on the site is not closing, it has plans to relocate, presenting a unique chance for a new owner to establish or expand their automotive-related business. The property's versatility allows for a wide range of uses, including but not limited to dealerships, vehicle storage, detailing, and window tinting.

• CAP approach

  CAP return

  Valuation

  6%

  $3,799,421

  6.5%

  $3,507,158

  7%

  $3,256,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,768,556

  Geo Method

  $2,768,556

• Alternative Use

  Use

  Valuation

  Residential

  $2,958,419

  Hospitality

  $2,709,896

  Educational

  $2,254,601

  Medical

  $2,332,140

  Retail

  $3,507,158

Location Insight

City

Waycross

County

Ware

State

Georgia

Latitude

31.2171

Longitude

-82.3576

CBSA code

48180

CBSA name

WAYCROSS, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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