800 Ashley StValdosta, GA 31601

Property Details for 800 Ashley St

Year built

1973

Construction

STEEL FRAME

Lot size

0.13 AC

Property size (Sq ft)

2,485 SF

Zone code

C-H

Property type

Retail properties

Property subtype

Auto shops

APN

0118A-088

APU

0118A088

Description

This 3,220-square-foot retail building, located at 800 N Ashley St, Valdosta, GA 31601, presents a unique investment opportunity. Situated on a 0.17-acre corner lot with excellent visibility and high traffic counts (approximately 17,350 vehicles per day), this property boasts a prime location for automotive-related businesses. The single-story building, constructed in 1973 and renovated in 2000, features three service bays equipped with two lifts, along with office, shop, and storage space. The property includes ten parking spaces and benefits from a prominent pylon sign. The building is currently vacant and offers approximately 3,220 square feet of usable space. Zoned C-H, this property is ideally suited for auto sales, service, or similar uses. The asking rent is $3,500 per month on a modified gross lease. Some existing fixtures, furniture, and equipment are included in the sale. The property's location on Ashley Street, a major north-south thoroughfare, provides easy access and serves all local submarkets. All city utilities are available. The property's APN is 0118A 088. The annual property taxes are $965 per square foot. Fifty years of automotive service history adds significant value to this established location. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Valdosta location.

• CAP approach

  CAP return

  Valuation

  6%

  $575,739

  6.5%

  $531,452

  7%

  $493,491

• Comparable approach

  Method

  Valuation

  Relative Method

  $445,180

  Geo Method

  $445,180

• Alternative Use

  Use

  Valuation

  Residential

  $448,299

  Hospitality

  $410,640

  Educational

  $341,648

  Medical

  $353,397

  Retail

  $531,452

Location Insight

City

Valdosta

County

Lowndes

State

Georgia

Latitude

30.8397

Longitude

-83.2802

CBSA code

46660

CBSA name

VALDOSTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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