121 Central AveValdosta, GA 31601

Property Details for 121 Central Ave

Year built

1900

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

2,250 SF

Zone code

C-D

Property type

Investment properties

Property subtype

Retail residential properties

APN

0120A-132

APU

0120A132

Description

This exceptional 2,480 square foot commercial property, located at 121 W Central Avenue in Valdosta, Georgia, presents a unique investment or business opportunity. Situated on a 0.06-acre lot, this versatile space boasts a prime downtown location with excellent visibility and accessibility. Currently configured as a church, the layout includes a reception area, multiple offices or storage rooms, a large open area, and two bathrooms. The building's dimensions are 20 feet wide and 124 feet deep, offering ample space for a variety of uses. Its strategic position provides both front and rear access points, conveniently backing up to the City of Valdosta's Toombs Street public parking lot. With an average daily traffic count of 9,720 vehicles (per GDOT 2022 data), this property benefits from significant pedestrian and vehicular traffic. The surrounding area features a vibrant mix of businesses, residential properties, and other community institutions, creating a dynamic and synergistic environment. This property is ideally suited for a business seeking a high-visibility location in the thriving downtown Valdosta sub-market. Lease options are available for qualified tenants. The asking price for this property is $245,520.

• CAP approach

  CAP return

  Valuation

  6%

  $439,826

  6.5%

  $405,993

  7%

  $376,993

• Comparable approach

  Method

  Valuation

  Relative Method

  $247,926

  Geo Method

  $247,926

• Alternative Use

  Use

  Valuation

  Residential

  $405,993

  Hospitality

  $371,887

  Educational

  $309,406

  Medical

  $320,047

  Retail

  $481,298

Location Insight

City

Valdosta

County

Lowndes

State

Georgia

Latitude

30.8314

Longitude

-83.2803

CBSA code

46660

CBSA name

VALDOSTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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