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    1217 Merchants Way Statesboro, GA 30458

    For Sale
    $299,900

    Prime location, build-to-suit potential. High-demand area.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 0.12-acre commercial lot, situated at 1217 Merchants Way in Statesboro, Georgia's desirable Market District, presents a unique build-to-suit opportunity. The 59' x 90' pad-ready lot is ideally suited for a multi-use building, offering significant flexibility. Preliminary plans suggest a two-story structure with a total of 10,620 square feet (5,310 sq ft per floor). This allows for a single-unit building, or a duplex or triplex configuration. The design possibilities are further enhanced by the potential for office space with loft apartments above, subject to Architectural Review Committee approval. This prime location within the Market District ensures high visibility and accessibility, making it an attractive investment for developers seeking a high-demand area with strong potential for return. The property is offered at $299,900. This represents a compelling opportunity to develop a significant commercial property in a thriving Georgia market. The lot's dimensions and location make it an ideal candidate for a variety of commercial uses, catering to the needs of a diverse clientele. Serious inquiries are encouraged.

    Property Features for 1217 Merchants Way

    General Information

    Property type
    Other commercial real estate
    Lot Size
    5,227 SF

    Building Details

    Year Built
    2022
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Statesboro
    County
    Bulloch
    State
    Georgia
    Longitude
    -81.76842
    Latitude
    32.40926

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, build-to-suit potential. High-demand area.
    Where is this commercial real estate located?
    The property is located at 1217 Merchants Way Statesboro, GA.
    What is the asking price?
    The asking price for this property is $299,900.
    (919) 618-8500
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1217 Merchants Way Statesboro, GA 30458
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