501 Ridge AveTifton, GA 31794

Property Details for 501 Ridge Ave

Year built

1978

Lot size

0.46 AC

Property size (Sq ft)

4,900 SF

Property type

Retail properties

Property subtype

Bars

APN

T031-036

APU

T031036

Description

This exceptional commercial property at 501 Ridge Avenue South in Tifton, Georgia, presents a compelling investment opportunity. The building, constructed in 1978, offers a generous 5,100 square feet of space, ideally suited for a variety of retail, office, or mixed-use ventures. The main building encompasses 4,900 square feet, complemented by an additional 200 square feet of unfinished kitchen space, providing potential for expansion or customization to suit specific business needs. Situated on a sizable 0.46-acre lot, the property benefits from excellent visibility and accessibility, ensuring high traffic flow and convenient customer access. Its location in the heart of Tifton, Georgia, places it within easy reach of a thriving community and established infrastructure. The property's single-tenant occupancy offers flexibility and control, while its substantial size provides ample room for growth and expansion. This versatile property represents a solid foundation for long-term success in a dynamic market. The 1978 construction offers a blend of established infrastructure and potential for modern upgrades. This is a rare opportunity to acquire a significant commercial property in a prime Tifton location.

• CAP approach

  CAP return

  Valuation

  6%

  $894,846

  6.5%

  $826,012

  7%

  $767,011

• Comparable approach

  Method

  Valuation

  Relative Method

  $877,819

  Geo Method

  $877,819

• Alternative Use

  Use

  Valuation

  Residential

  $696,772

  Hospitality

  $638,239

  Educational

  $531,008

  Medical

  $549,270

  Retail

  $826,012

Location Insight

City

Tifton

County

Tift

State

Georgia

Latitude

31.4515

Longitude

-83.5157

CBSA code

45700

CBSA name

TIFTON, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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