18 Madison WayEllerslie, GA 31807

  • Retail properties
  • 9,090 SF
For Sale

Property Details for 18 Madison Way

Year built
2013
Construction
STEEL FRAME
Lot size
1.56 AC
Property size (Sq ft)
9,090 SF
Zone code
2
Property type
Retail properties
Property subtype
Outlet malls
APN
081 133
APU
81133

Description

This exceptional 3.87-acre commercial land parcel is situated adjacent to 18 Madison Way in Ellerslie, Georgia, within the Columbus MSA. The property boasts a highly desirable C-4, Highway Commercial District zoning, allowing for diverse development options including self-storage, retail, banking, restaurants, offices, and hotels. Located behind a Dollar General, this site benefits from excellent visibility and access from both Madison Way and Alt-27/Hwy-85, experiencing approximately 6,167 vehicles per day. The strong demographics of the area are a significant advantage, with a population of approximately 10,775 residents and an average annual household income of $116,861 within a 5-mile radius. This area shows promising growth projections, with a 2.4% population increase from 2020-2024 and an anticipated 10.99% growth from 2024-2029. This is a fee simple ownership opportunity. This property is being offered via an absolute $1 auction with no reserve. The auction will take place November 4-6, 2024. This presents a unique chance for developers to capitalize on a prime location in a thriving market. The property's strategic location and zoning flexibility make it an ideal investment for various commercial ventures.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,699,604
    6.5%
    $1,568,866
    7%
    $1,456,804
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,468,200
    Geo Method
    $4,468,200
  • Alternative Use

    Use
    Valuation
    Residential
    $1,323,397
    Hospitality
    $1,212,224
    Educational
    $1,008,556
    Medical
    $1,043,242
    Retail
    $1,568,866
18 Madison Way, Ellerslie, Georgia

Location Insight

City
Ellerslie
County
Harris
State
Georgia
Latitude
32.638
Longitude
-84.7896
CBSA code
17980
CBSA name
COLUMBUS, GA-AL METROPOLITAN 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
2023
$14,478
$74,880
$463,208
$538,088
-
$187,200
$1,158,019
$1,345,219

FAQs

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