317 Virginia AveTifton, GA 31794

Property Details for 317 Virginia Ave

Year built

1996

Construction

FRAME

Lot size

0.52 AC

Property size (Sq ft)

1,228 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

T018-038

APU

T018038

Description

This exceptional 0.52-acre commercial property in Tifton, Georgia, presents a unique investment or redevelopment opportunity. Located at 317 S Virginia Ave, this single-story, 1,228 square foot building, built in 1996 and renovated in 2012, sits on a 22,651 square foot lot with 100 feet of frontage. The property boasts a convenient drive-thru and ample parking with 24 spaces. Its Class C designation reflects its potential for revitalization. The zoning is commercial, allowing for a variety of uses. The property's prime location just off I-75 ensures high visibility and traffic counts, benefiting from strong retail synergy with numerous national brands and big-box retailers nearby. The existing building offers a significant advantage for a potential Sonic franchisee, providing a ready-made structure to streamline operations. Property taxes are $5.74 per square foot. The APN is T018 038. This South Georgia location, within the Tifton submarket, offers excellent potential for growth and return on investment. The building's FAR is 0.54. The property is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $224,222

  6.5%

  $206,974

  7%

  $192,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $219,992

  Geo Method

  $219,992

• Alternative Use

  Use

  Valuation

  Residential

  $174,590

  Hospitality

  $159,924

  Educational

  $133,055

  Medical

  $137,631

  Retail

  $206,974

Location Insight

City

Tifton

County

Tift

State

Georgia

Latitude

31.4512

Longitude

-83.5277

CBSA code

45700

CBSA name

TIFTON, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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