5488 Alabama AveOmega, GA 31775

Property Details for 5488 Alabama Ave

Year built

1980

Construction

STEEL FRAME

Lot size

0.81 AC

Property size (Sq ft)

3,554 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

0025A-236

APU

0025A236

Description

This exceptional 3,554 square foot commercial building presents a unique opportunity in the charming downtown Omega, Georgia. Previously operating as the Children's Medical Center, this property is ideally suited for a medical professional seeking a well-established space. The building boasts a spacious lobby thoughtfully divided into separate waiting areas for well and sick patients, ensuring patient comfort and efficient workflow. A dedicated reception area, convenient break room, and ample parking further enhance the functionality of this property. The interior layout includes seven well-appointed exam rooms and four bathrooms, providing ample space for a thriving practice. The property sits on a generous 1.4-acre lot, offering significant expansion potential or ample outdoor space. A significant advantage is the inclusion of two additional adjacent lots (parcels 0025A 140 and 0025A 141) within the purchase price, providing further development opportunities or additional parking. This turnkey medical facility is ready for immediate occupancy and offers a rare combination of size, location, and included land in the heart of Omega. The property's history as a well-regarded medical center provides a strong foundation for continued success. This is an exceptional opportunity for a medical professional or investor seeking a prime commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $441,920

  6.5%

  $407,926

  7%

  $378,788

• Comparable approach

  Method

  Valuation

  Relative Method

  $252,654

  Geo Method

  $252,654

• Alternative Use

  Use

  Valuation

  Residential

  $505,828

  Hospitality

  $463,336

  Educational

  $385,490

  Medical

  $398,747

  Retail

  $599,651

Location Insight

City

Omega

County

Tift

State

Georgia

Latitude

31.3416

Longitude

-83.5937

CBSA code

45700

CBSA name

TIFTON, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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