133 Bay StBaxley, GA 31513

Property Details for 133 Bay St

Year built

1979

Construction

STEEL FRAME

Lot size

2.31 AC

Property size (Sq ft)

11,550 SF

Property type

Retail properties

Property subtype

Strip malls

APN

F003-083

APU

F003083

Description

This exceptional investment opportunity presents a 10-unit shopping center ideally situated on a substantial 2.31-acre lot in Baxley, Georgia. The property boasts a prime location with excellent visibility and accessibility, featuring 445 feet of road frontage on Luckie Street and 185 feet on Bay Street. Currently, eight of the ten units are leased, generating a robust monthly income of $12,256, translating to $147,072 annually. This consistent cash flow provides immediate return on investment, while the two vacant units offer significant potential for increased revenue. The total building area encompasses 32,444 square feet, providing ample space for a diverse range of retail tenants. The property's size and location within Baxley make it an attractive proposition for both seasoned investors seeking a stable income stream and newcomers looking to enter the commercial real estate market. The substantial lot size also allows for future expansion or redevelopment possibilities, further enhancing its long-term value. This is a rare chance to acquire a well-established, income-producing property with considerable upside potential. The property is ready for immediate ownership and offers a compelling opportunity for significant financial returns.

• CAP approach

  CAP return

  Valuation

  6%

  $2,716,560

  6.5%

  $2,507,594

  7%

  $2,328,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,979,499

  Geo Method

  $1,979,499

• Alternative Use

  Use

  Valuation

  Residential

  $2,115,249

  Hospitality

  $1,937,557

  Educational

  $1,612,025

  Medical

  $1,667,465

  Retail

  $2,507,594

Location Insight

City

Baxley

County

Appling

State

Georgia

Latitude

31.7756

Longitude

-82.3521

Property Tax & Assessments

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