1583 Cherry StJesup, GA 31545
- Retail properties
- 10,962 SF
Property Details for 1583 Cherry St
- Year built
- 2011
- Lot size
- 2.54 AC
- Property size (Sq ft)
- 10,962 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 99A-26-5
- APU
- 99A265
Description
This exceptional investment opportunity presents a 10,962 square foot shopping center in Jesup, Georgia. The property sits on a generous 2.54-acre lot and boasts five fully occupied commercial units, generating a substantial monthly income of $5,350. Ample parking is available, ensuring convenient access for tenants and customers alike. The property's strong tenant occupancy guarantees an immediate and consistent cash flow, making it an attractive addition to any real estate portfolio. Annual property taxes are $5,563, and annual insurance premiums are $4,400. This fully operational shopping center is located in a thriving area, offering a stable and profitable investment opportunity. The property's size and location make it ideal for a variety of commercial uses, providing long-term growth potential. This is a turnkey operation, requiring minimal management overhead. The current leases provide a secure income stream, minimizing risk and maximizing return on investment. This property represents a rare chance to acquire a high-performing commercial asset in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,578,262
- 6.5%
- $2,379,934
- 7%
- $2,209,939
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,878,724
- Geo Method
- $1,878,724
-
Alternative Use
- Use
- Valuation
- Residential
- $2,007,564
- Hospitality
- $1,838,918
- Educational
- $1,529,958
- Medical
- $1,582,576
- Retail
- $2,379,934
Location Insight
- City
- Jesup
- County
- Wayne
- State
- Georgia
- Latitude
- 31.6204
- Longitude
- -81.9044
- CBSA code
- 27700
- CBSA name
- JESUP, GA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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