702 Parker StBaxley, GA 31513

Property Details for 702 Parker St

Year built

1948

Construction

WOOD

Lot size

0.28 AC

Property size (Sq ft)

1,350 SF

Property type

Office properties

APN

S002-030

APU

S002030

Description

This 0.28-acre Baxley, GA property boasts prime commercial real estate on US Highway 341. The existing 1350 square foot, 1948-built house offers significant potential. It could continue its decades-long use as professional office space, easily accommodating six or more offices given its full kitchen and bathroom. Alternatively, the building could be relocated to another site. The property presents exciting possibilities for development, including the potential for a drive-through configuration and additional rear parking. The shared driveway with a neighboring business ensures convenient access. This high-traffic location offers exceptional visibility and accessibility, making it an ideal investment opportunity for a variety of commercial ventures. The recent significant price reduction makes this a compelling proposition for savvy investors seeking a strong return. The property's versatility and strategic location combine to create a unique opportunity in the thriving Baxley market. Don't miss out on this chance to acquire a prominent commercial space with substantial upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $216,000

  6.5%

  $199,385

  7%

  $185,143

• Comparable approach

  Method

  Valuation

  Relative Method

  $91,814

  Geo Method

  $91,814

• Alternative Use

  Use

  Valuation

  Residential

  $247,237

  Hospitality

  $226,468

  Educational

  $188,418

  Medical

  $194,898

  Retail

  $293,095

Location Insight

City

Baxley

County

Appling

State

Georgia

Latitude

31.7744

Longitude

-82.3377

Property Tax & Assessments

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