216 Virginia AveTifton, GA 31794

  • Sports & entertainment properties
  • 17,574 SF
For Lease
$6.47/SF/YR View listing

Property Details for 216 Virginia Ave

Year built
1992
Construction
FRAME
Property size (Sq ft)
17,574 SF
Property type
Sports & entertainment properties
Property subtype
Theaters & concert halls
APN
T016-011
APU
T016011

Description

This exceptional 17,400-square-foot former movie theatre presents a unique investment opportunity at Tifton Mall in Tifton, Georgia. Located at 216 Virginia Ave N, 31794, this single-story, single-tenancy building boasts a highly visible location directly adjacent to a Publix-anchored center, consistently ranking in the 83rd percentile for Georgia. The property benefits from exceptional visibility from Interstate 75, ensuring high traffic exposure. The building's 17,400 square feet of vacant space offers significant potential for redevelopment or repurposing. The property shares convenient access with the Publix center, which draws an average of 105,000 customers monthly, providing a substantial built-in customer base. This prime retail location is surrounded by established national retailers including T.J. Maxx, Belk, Bealls, Ollie's Bargain Outlet, and Hibbett Sports, further enhancing its desirability and potential for success. The property's previous use as a six-screen movie theatre provides a unique architectural layout and ample space for creative adaptation. This is a rare chance to acquire a substantial retail space in a thriving commercial center with excellent visibility and high foot traffic. The property is move-in ready, offering immediate occupancy and the potential for rapid return on investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,498,259
    Hospitality
    $2,288,392
    Educational
    $1,903,915
    Medical
    $1,969,394
    Retail
    $2,961,646
216 Virginia Ave, Tifton, Georgia

Location Insight

City
Tifton
County
Tift
State
Georgia
Latitude
31.459
Longitude
-83.5273
CBSA code
45700
CBSA name
TIFTON, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$12,490
-
$331,877
$331,877
-
-
$829,693
$829,693

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