Historic Mixed-Use Elliott
1423 & 1425 Newcastle Street Brunswick, GA 31520
1423 & 1425 Newcastle Street, Brunswick, GA, 31520
$1,350,000
For Sale
$1,350,000
COMMERCIAL - Brunswick, GA
Property Size8,100 SF
Lot Size0.06 Acres
Price / SF$166.67
Days on Market274
Property Features for 1423 & 1425 Newcastle Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 01-01531
- Size
- 8,100 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Description
- N portion of S half of Old Town Lot 103
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1880
- Building materials
- Brick
Listing Agency
Don Wright & Associates
(912) 638-4740
PO Box 30608, Sea Island, GA
Listed by
Don Wright · License #12088
(912) 222-0133
Added: Oct 17, 2025 Checked: Jul 17 at 11:06 pm
MLS# 1657453
Copyright © 2026 Golden Isles Association of REALTORS. 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.
The historic Elliott Building is a unique 3-level building with approximately 8100 square feet, located in downtown Brunswick. Built in 1880, the entire property features exposed brick walls and high ceilings, showcasing the charms of the late 19th century. The property is zoned "MUCCH" (Mixed Use/City Core/and Historic District), allowing for a variety of commercial, institutional, and residential uses while maintaining the character and historic features of the area. This designation fits within the existing character of the Core City and Historic District, thus accommodating both commercial and residential uses. Currently, a fully equipped restaurant is located on the first level and is included in the sale. The second and third levels feature residential lofts. There is both stair and elevator access to the second and third floor residential lofts. Street parking is available at the front of the building. The property sits on a lot of 0.06 acres.
Key Highlights
- Prime downtown Brunswick location in a historic building.
- Zoned "MUCCH" allowing for diverse commercial, institutional, and residential uses.
- Includes a fully equipped, operating restaurant (Bollywood) on the first level.
Local Financial Insights For Specialty Retail
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 | $113.7k | $14.04 |
| − Vacancy | −$7.7k | −$0.95 |
| EGI | $106.0k | $13.09 |
| − OpEx | −$26.5k | −$3.27 |
| NOI | $79.5k | $9.81 |
8,100 SF · lease $14.04/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.14M
$993.7K – $1.32M
NOI $79,493 @ 7.0% cap · market cap 5.89%
Second Best
Mixed Use
$1.03M
$902.1K – $1.20M
NOI $72,171 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,674 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Unique 3-level mixed-use building in downtown Brunswick.
Where is this mixed-use property located?
The property is located at 1423 & 1425 Newcastle Street Brunswick, GA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime downtown Brunswick location in a historic building.; Zoned "MUCCH" allowing for diverse commercial, institutional, and residential uses.; Includes a fully equipped, operating restaurant (Bollywood) on the first level.
