115 Park AveValdosta, GA 31602

Property Details for 115 Park Ave

Year built

1960

Construction

WOOD FRAME

Lot size

0.34 AC

Property size (Sq ft)

1,237 SF

Zone code

R-P

Property type

Healthcare properties

Property subtype

Medical offices

APN

0113D-166

APU

0113D166

Description

This exceptional 2,335-square-foot medical office building is ideally situated at 115 W Park Avenue in Valdosta, Georgia, within Lowndes County (zip code 31602). Currently configured as a dental practice, this single-story building offers a versatile layout perfect for a variety of medical uses. The property features multiple points of entry, a spacious waiting area with reception, counter, and file room, several exam rooms, a break room, and additional office/storage space. A large private office with its own bathroom and separate entrance adds to the functionality. Ample parking is provided with 18 spaces and dual property access. The 0.34-acre lot is zoned R-P. This prime commercial location in the heart of Valdosta presents a fantastic opportunity for ownership or lease. The asking price is $199,900, and the property is also available for lease at a monthly rate of $2,500. This property offers a unique blend of convenience, functionality, and prime location, making it an attractive investment or business opportunity. The property's layout includes a well-designed reception area, multiple exam rooms, and additional office and storage space, catering to the needs of a medical practice. The ample parking and convenient location ensure easy access for patients and staff.

• CAP approach

  CAP return

  Valuation

  6%

  $194,897

  6.5%

  $179,905

  7%

  $167,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $87,938

  Geo Method

  $87,938

• Alternative Use

  Use

  Valuation

  Residential

  $223,082

  Hospitality

  $204,342

  Educational

  $170,010

  Medical

  $175,857

  Retail

  $264,460

Location Insight

City

Valdosta

County

Lowndes

State

Georgia

Latitude

30.8562

Longitude

-83.2904

CBSA code

46660

CBSA name

VALDOSTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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