106 Parker StBaxley, GA 31513

Property Details for 106 Parker St

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.14 AC

Property type

Retail properties

Property subtype

Strip malls

APN

E004-024

APU

E004024

Description

This exceptional commercial property, located at 106 E Parker St, Baxley, GA 31513, presents a lucrative investment opportunity. The 11,200 square foot storefront, built in 1986, sits on a 0.575-acre lot and is zoned C3-Commercial, offering significant potential for various retail ventures. Currently operating at 100% occupancy, this single-tenancy building boasts ample space, including a dedicated office area and two bathrooms. An added benefit is the inclusion of a separate storage building, providing extra utility and storage capacity. The property's prime location in Baxley, Appling County, Georgia ensures high visibility and accessibility for customers. The asking price is $840,000, representing a strong return on investment for the discerning buyer. This well-maintained property is ready for immediate occupancy and offers a rare chance to acquire a substantial retail space in a thriving community. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $62,906,120

  6.5%

  $58,067,188

  7%

  $53,919,532

• Comparable approach

  Method

  Valuation

  Relative Method

  $45,838,344

  Geo Method

  $45,838,344

• Alternative Use

  Use

  Valuation

  Residential

  $48,981,848

  Hospitality

  $44,867,108

  Educational

  $37,328,908

  Medical

  $38,612,704

  Retail

  $58,067,188

Location Insight

City

Baxley

County

Appling

State

Georgia

Latitude

31.777

Longitude

-82.3467

Property Tax & Assessments

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