818 Wall StRichland, GA 31825

Property Details for 818 Wall St

Year built

1988

Construction

WOOD

Lot size

0.89 AC

Property size (Sq ft)

1,394 SF

Zone code

COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

R04 045

APU

R04045

Description

This exceptional 1,394 square foot commercial property, situated on a 0.89-acre lot at 818 Wall Street in Richland, Georgia, presents a unique investment opportunity. Previously utilized as a Georgia Power pay center and, more recently, as temporary City Hall facilities during the COVID-19 pandemic, this building boasts significant versatility and established infrastructure. The property's key feature is a fully functional drive-thru system, complete with an overhead air shoot and integrated intercom system – ideal for a variety of businesses requiring convenient customer access. The building's adaptable layout offers ample space for customization to suit diverse operational needs. Its strategic location in Richland provides excellent visibility and accessibility, making it an attractive proposition for entrepreneurs and investors seeking a ready-to-open commercial space. The property's history as a trusted community hub further enhances its appeal, offering a strong foundation for future success. The asking price of $128,000 represents a compelling value for a property with such established infrastructure and high potential. This is a rare chance to acquire a turn-key commercial space with significant potential for immediate revenue generation. The property is ready for its next chapter, awaiting a visionary owner to unlock its full potential. Serious inquiries are encouraged to explore this exciting investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $177,308

  6.5%

  $163,669

  7%

  $151,979

• Comparable approach

  Method

  Valuation

  Relative Method

  $271,914

  Geo Method

  $271,914

• Alternative Use

  Use

  Valuation

  Residential

  $202,950

  Hospitality

  $185,901

  Educational

  $154,668

  Medical

  $159,987

  Retail

  $240,594

Location Insight

City

Richland

County

Stewart

State

Georgia

Latitude

32.0842

Longitude

-84.6671

CBSA code

17980

CBSA name

COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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