276 Ocilla HwyFitzgerald, GA 31750

Property Details for 276 Ocilla Hwy

Year built

1994

Construction

CONCRETE

Lot size

0.57 AC

Property size (Sq ft)

1,396 SF

Zone code

RESIDENTIAL

Property type

Retail properties

Property subtype

Drive through restaurants

APN

13-7-12

APU

13712

Description

This exceptional redevelopment opportunity presents a 1-story, 1,396 sq ft former Sonic Drive-In restaurant situated on a highly visible 0.57-acre lot in Fitzgerald, Georgia. Built in 1994 and renovated in 2011, the property boasts a prime location on Ocilla Highway, a major thoroughfare with over 13,500 vehicles passing daily, offering unparalleled exposure. The property also benefits from access off Benjamin Hill Drive, adding to its high traffic count. The site's strategic location is less than 500 feet from a high-traffic intersection, resulting in a combined daily traffic count exceeding 20,100 vehicles. Ocilla Highway runs through Fitzgerald's densest retail corridor, placing this property in the heart of commercial activity. The property is surrounded by strong co-tenants, including Walmart, Wendy's, Burger King, and other national brands, further enhancing its desirability. With a total building square footage of 24,829 sq ft and air rights of 24,829 sq ft, this property offers significant potential for a variety of commercial uses. The asking price is $750,000, and the property is offered fee simple. The strong demographics within a 5-mile radius, including a population of 15,000 and an average household income exceeding $54,800, support a wide range of business concepts. This is a rare chance to acquire a prime retail site in a thriving market. APN: 137 12.

• CAP approach

  CAP return

  Valuation

  6%

  $254,775

  6.5%

  $235,177

  7%

  $218,379

• Comparable approach

  Method

  Valuation

  Relative Method

  $250,089

  Geo Method

  $250,089

• Alternative Use

  Use

  Valuation

  Residential

  $198,380

  Hospitality

  $181,715

  Educational

  $151,185

  Medical

  $156,385

  Retail

  $235,177

Location Insight

City

Fitzgerald

County

Ben Hill

State

Georgia

Latitude

31.6936

Longitude

-83.2452

CBSA code

22340

CBSA name

FITZGERALD, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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