1259 Third StFolkston, GA 31537

Property Details for 1259 Third St

Year built

1900

Lot size

0.96 AC

Property size (Sq ft)

11,874 SF

Property type

Office properties

Property subtype

Other office properties

APN

F017 013

APU

F017013

Description

This exceptional commercial property, located at 1259 Third Street in Folkston, Georgia, presents a unique investment opportunity. The building, formerly the Jackson-Mccoy Hospital and later utilized by the Charlton County Board of Education, boasts a substantial 11,000 square feet of space. Situated on a full city block in the heart of downtown Folkston, this property enjoys high visibility and accessibility, being directly on US Highway 1. The 0.96-acre lot offers ample room for expansion or future development. The building's history suggests a robust structure capable of accommodating a variety of commercial uses. Its size and central location make it ideal for a range of businesses, from retail and office spaces to potentially a mixed-use development. The property is priced at $319,900, representing a significant value for its size, location, and potential. This is a rare chance to acquire a substantial commercial property in a growing Georgia town. The building's substantial square footage provides flexibility for various business needs and future expansion. The property's prime location on a major highway ensures high visibility and accessibility for customers and employees. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price reflects the significant potential of this downtown Folkston landmark.

• CAP approach

  CAP return

  Valuation

  6%

  $1,899,840

  6.5%

  $1,753,698

  7%

  $1,628,434

• Comparable approach

  Method

  Valuation

  Relative Method

  $807,551

  Geo Method

  $807,551

• Alternative Use

  Use

  Valuation

  Residential

  $2,174,586

  Hospitality

  $1,991,909

  Educational

  $1,657,245

  Medical

  $1,714,240

  Retail

  $2,577,937

Location Insight

City

Folkston

County

Charlton

State

Georgia

Latitude

30.8279

Longitude

-82.0045

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].