200 Broad StBainbridge, GA 39817

Property Details for 200 Broad St

Year built

1933

Construction

TYPE NOT SPECIFIED

Lot size

0.08 AC

Property size (Sq ft)

6,358 SF

Property type

Retail properties

Property subtype

Retail space

APN

B0250-070-000

APU

B0250070000

Description

This exceptional Bainbridge, GA property at 200 Broad Street presents a rare opportunity to acquire a mixed-use building offering both residential and commercial income streams. The building encompasses a generous 4,590 square feet situated on a 0.06-acre lot in the heart of downtown. Upstairs, a spacious and elegantly appointed 3-bedroom, 2-bathroom apartment provides comfortable living quarters. This residential space is ideal for owner occupancy or as a lucrative rental unit. Downstairs, an established business currently occupies the office space, generating consistent rental income. This turnkey investment offers the unique advantage of immediate cash flow from the existing commercial tenant, coupled with the potential for increased rental income from the upstairs apartment. The property's prime downtown location provides excellent visibility and accessibility, making it an attractive proposition for both residential and commercial tenants. The building's size and layout offer flexibility for future expansion or adaptation to suit evolving business needs. This is a truly exceptional opportunity to own a profitable and versatile property in a thriving downtown area. The asking price is $699,000. Don't miss this chance to secure a valuable asset in the vibrant Bainbridge community.

• CAP approach

  CAP return

  Valuation

  6%

  $944,023

  6.5%

  $871,405

  7%

  $809,162

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,139,015

  Geo Method

  $1,139,015

• Alternative Use

  Use

  Valuation

  Residential

  $735,063

  Hospitality

  $673,314

  Educational

  $560,189

  Medical

  $579,455

  Retail

  $871,405

Location Insight

City

Bainbridge

County

Decatur

State

Georgia

Latitude

30.9067

Longitude

-84.5755

CBSA code

12460

CBSA name

BAINBRIDGE, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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