18 Madison WayEllerslie, GA 31807
- Retail properties
- 9,090 SF
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
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
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].