1583 Cherry StJesup, GA 31545

Property Details for 1583 Cherry St

Year built

2011

Lot size

2.54 AC

Property size (Sq ft)

10,962 SF

Property type

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.

• 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

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