201 Martin Luther King Jr DrSylvester, GA 31791

Property Details for 201 Martin Luther King Jr Dr

Year built

1964

Construction

FRAME

Lot size

2.64 AC

Property size (Sq ft)

53,362 SF

Property type

Warehouses

APN

SV080-126-000

APU

SV080126000

Description

This exceptional 13.34-acre industrial property in Sylvester, Georgia, presents a significant investment opportunity. The property features a 53,362-square-foot single-story manufacturing building constructed in 1964, boasting 20-foot ceilings and eight loading docks with eight dock-high doors. The building includes approximately 2,000 square feet of office space. The property is situated on three parcels with level topography and substantial frontage on West Martin Luther King Jr. Drive (approximately 232 feet), West Crockett Street (approximately 722 feet), and Town Creek (approximately 742 feet). Its convenient location offers easy access to Highway 82 and is less than one mile away, and only 19 miles from Interstate 75 Exit 80. The property is zoned for both industrial and residential use, providing flexibility for future development. The 2020 property taxes were $2,876.46. This former manufactured housing plant offers significant potential for various industrial uses. The asking price is $530,000.

• CAP approach

  CAP return

  Valuation

  6%

  $14,602,600

  6.5%

  $13,479,300

  7%

  $12,516,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,069,610

  Geo Method

  $6,069,610

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $6,446,560

  Mixed-Use / Specialty

  $6,056,710

  Hospitality / Lodging

  $3,965,970

  Office

  $5,638,610

  Institutional / Educational

  $6,165,420

  Residential Income

  $7,213,540

  Multifamily

  $10,685,400

  Automotive / Energy

  $5,284,650

  Parking / Income-Based Land

  $2,186,130

  Restaurant / Food Service

  $2,367,170

  Healthcare / Senior Housing

  $6,587,260

Location Insight

City

Sylvester

County

Worth

State

Georgia

Latitude

31.5232

Longitude

-83.8398

CBSA code

10500

CBSA name

ALBANY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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