215 Sultana DrFitzgerald, GA 31750

Property Details for 215 Sultana Dr

Year built

1987

Lot size

1.00 AC

Property size (Sq ft)

4,000 SF

Zone code

RESIDENTIAL

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

12-3-23

APU

12323

Description

This exceptional commercial property, located at 215 E Sultana Drive in Fitzgerald, Georgia (zip code 31750), presents a unique investment opportunity. The property encompasses a substantial 4,000 square feet of retail space situated on a generous 43,560 square foot lot. Its prime corner location at the intersection of Sherman and Sultana Drives ensures high visibility and significant foot and vehicle traffic, making it ideal for a variety of retail ventures. The building's history as a convenience store speaks to its established commercial viability. A key feature is a 20-door walk-in cooler, perfect for businesses requiring cold storage. Additionally, a separate space offers potential for expansion, storage, or even a secondary business operation. The asking price for this well-established Fitzgerald property is $300,000. This presents a compelling opportunity to acquire a turnkey retail space in a high-traffic area, ready for immediate occupancy or redevelopment. The property is situated in Ben Hill County and offers excellent potential for a strong return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $729,752

  6.5%

  $673,617

  7%

  $625,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $716,587

  Geo Method

  $716,587

• Alternative Use

  Use

  Valuation

  Residential

  $568,221

  Hospitality

  $520,488

  Educational

  $433,040

  Medical

  $447,932

  Retail

  $673,617

Location Insight

City

Fitzgerald

County

Ben Hill

State

Georgia

Latitude

31.7236

Longitude

-83.2517

CBSA code

22340

CBSA name

FITZGERALD, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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