Historic Mixed-Use Landmark in
105-111 W Central Avenue Valdosta, GA 31601
105-111 W Central Avenue, Valdosta, GA, 31601
$2,795,000
For Sale
$2,795,000
COMMERCIAL - Valdosta, GA
Property Size24,300 SF
Lot Size0.23 Acres
Price / SF$115.02
Days on Market246
Property Features for 105-111 W Central Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-D
- Standard status
- Active
- APN
- 0120A 136
- Size
- 24,300 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- in listing office
- Tax Annual Amount
- 20615
Listing Agency
COLDWELL BANKER PREMIER REAL E
(229) 244-3535
1616 Norman Dr Suite E, Valdosta, GA
Listed by
John Courson · License #342868
(229) 251-4632
Added: Nov 12, 2025 Checked: Jul 16 at 6:06 pm
MLS# 146799
Copyright © 2026 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This iconic three-story historic brick building, located in downtown Valdosta, spans 24,300 square feet (8,100 SF per floor). It offers a blend of commercial storefronts, professional office space, and residential/event accommodations. The meticulously maintained facade showcases hand-laid brickwork, arched windows, and original painted signage. The interior features soaring ceilings, exposed brick, and abundant natural light. Original hardwood floors, wooden blinds/shutters, and granite finishes are present throughout the building, along with a new roof and HVAC system. The ground floor provides retail and professional office suites with large storefront windows and modern finishes. The upper levels offer residential or event-ready space. A freight elevator serves all three floors. Situated on a walkable block among boutique shops, restaurants, and professional services, the property is near the courthouse square and core business district, with direct access to public parking in the Toombs Street lot. The 0.227-acre property is zoned C-D. It is suitable for a signature headquarters, a mixed-use live/work investment, or an event venue.
Key Highlights
- Iconic 24,300 SF historic building in downtown Valdosta, suitable for owner‑occupier or investor.
- Versatile mixed‑use property: commercial storefronts, office space, and residential/event accommodations.
- Meticulously maintained original architectural details: hand‑laid brickwork, arched windows, original signage, soaring ceilings, exposed brick, and hardwood floors.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $364.5k | $15.00 |
| − Vacancy | −$43.7k | −$1.80 |
| EGI | $320.8k | $13.20 |
| − OpEx | −$120.3k | −$4.95 |
| NOI | $200.5k | $8.25 |
24,300 SF · lease $15.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.86M
$2.51M – $3.34M
NOI $200,475 @ 7.0% cap · market cap 7.17%
Second Best
Retail
$2.74M
$2.40M – $3.20M
NOI $191,822 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,241 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Iconic downtown Valdosta building with retail, office, and residential space.
Where is this mixed-use property located?
The property is located at 105-111 W Central Avenue Valdosta, GA.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: Iconic 24,300 SF historic building in downtown Valdosta, suitable for owner‑occupier or investor.; Versatile mixed‑use property: commercial storefronts, office space, and residential/event accommodations.; Meticulously maintained original architectural details: hand‑laid brickwork, arched windows, original signage, soaring ceilings, exposed brick, and hardwood floors.
