5156 River RdColumbus, GA 31904

  • Commercial real estate
  • 10,000 SF
For Lease
$15/SF/YR View listing

Property Details for 5156 River Rd

Year built
1996
Construction
STEEL FRAME
Lot size
5.52 AC
Property size (Sq ft)
10,000 SF
Property type
Commercial real estate
APN
011 001 002
APU
11001002

Description

This exceptional 16,500 square foot retail strip center, built in 1996, is situated on a 5.52-acre lot and features 13 suites. Currently, two spaces totaling 2,407 square feet are available. Suite J, a 1,000 square foot space, is ready for occupancy in December 2022 and offers two offices, a reception/waiting area, storage, and a bathroom. Build-out options are available. Suite G&H, a 1,600 square foot space, will be available in January 2023. Previously occupied by a fitness center, this space boasts an open floor plan, an office, and a bathroom, making it ideal for a similar use or other retail businesses. The property is zoned NC and benefits from its location near the affluent Green Island community, with convenient access via the River Road exit on JR Allen Parkway. Strong existing tenants include Just Thai, River Road Nutrition, Fat Mama Lucy's, Fortune Food's Kitchen, and Atlantic Systems, creating a vibrant and successful retail environment. The single-story building has no elevators. The property's APN is 011 001 002. This is a fantastic opportunity for investors seeking a well-located retail property with immediate income potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,455,882
    Hospitality
    $1,333,580
    Educational
    $1,109,523
    Medical
    $1,147,681
    Retail
    $1,725,925

Location Insight

City
Columbus
County
Muscogee
State
Georgia
Latitude
32.5147
Longitude
-84.9842
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
$40,878
$712,572
$325,190
$1,037,762
-
$1,781,430
$812,974
$2,594,404

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