Columbus Commercial Property Near Fort
For Sale
$275,000
342 Farr Road, Columbus, GA 31907
COMMERCIAL - Columbus, GA
Property Size1,033 SF
Lot Size1.90 Acres
Price / SF$266.21
Days on Market166
Property Features for 342 Farr Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Directions
Take I-185 S To Exit 3, St. Marys Road. Turn Left Onto St. Mary's. Turn Right Onto Farr Road. The Property Is On The Left Next To Family Dollar.
Subdivision
08-S E Columbus
Standard status
Active
APN
089 010 037
Size
1,033 SF
Lot size
1.90 Acres
Utilities
Utilities
Water Available
Building Details
Year built
1946
Number of units
1
Listing Agency:
Jefcoat Real Estate Services, LLC
(706) 888-1614
Listed By:
Alissa Neal · License #418987
(404) 782-4197
Added: Feb 20
Changed: Aug 4
Last Checked: Aug 5 at 6:06PM
MLS# 228089
Copyright © 2026 Columbus Board of Realtors (GA). 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.
Located near Fort Benning in Columbus, Georgia, this commercial property features approximately 1.9 acres of land, suitable for various business applications. The site benefits from convenient access to major roadways, facilitating efficient transportation for employees, customers, and deliveries. An existing 1,033 square foot commercial building is present on the property, requiring repair and offering the option for renovation or removal to facilitate new development. This presents an opportunity for an owner-user or investor interested in repositioning the site. Potential future uses encompass office, retail, warehouse, or contractor-oriented operations, including use as a laydown yard. The combination of land area, location, and flexible use potential makes this a compelling opportunity for businesses seeking room to grow near one of the area's largest employment drivers.
Key Highlights
- Prime location near Fort Benning, a major employment hub
- Large 1.9‑acre lot offers significant development potential
- Flexible zoning allows for a variety of commercial uses (office, retail, warehouse, etc.)
Financial Insights For 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 | $18.8k | $18.24 |
| − Vacancy | −$867 | −$0.84 |
| EGI | $18.0k | $17.40 |
| − OpEx | −$5.4k | −$5.22 |
| NOI | $12.6k | $12.18 |
1,033 SF · lease $18.24/SF/yr · vacancy 4.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$179.8K
$157.3K – $209.7K
NOI $12,583 @ 7.0% cap · market cap 4.58%
Second Best
Office B
$173.6K
$151.9K – $202.5K
NOI $12,152 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$231.1K
$202.2K – $269.7K
NOI $16,179 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 31907, GA
60,557
Population
25,710
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
91%
High-School Grad
23.8 sq mi
ZIP Area
2,544
Density / Sq Mi
$52,620
Median Household Income
$33,726
Median Earnings
$1,103
Median Rent
$142,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - 1.9 acres near Fort Benning with redevelopment potential.
Where is this commercial land located?
The property is located at 342 Farr Road Columbus, GA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Prime location near Fort Benning, a major employment hub; Large 1.9‑acre lot offers significant development potential; Flexible zoning allows for a variety of commercial uses (office, retail, warehouse, etc.)
