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Remodeled Commercial Building in Waynesboro

246 Council Street, Waynesboro, GA 30830

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For Sale

$365,000

Historic downtown building, remodeled with multiple potential uses.

Property size:

2,349 SF

Price / SF:

$155/SF

HighLights

Completely remodeled 2,349 sq. ft. mid‑century modern building in historic downtown Waynesboro.
Features a 928 sq. ft. lobby with 12 ft. floor‑to‑ceiling windows and new AC, gas heat, LED lighting, and carpet tiling.
Includes 1,106 sq. ft. of finished drive‑in space with pine tongue and groove flooring, pine paneling, and ductless HVACs.
Offers three half baths (one handicap accessible) and a 100 sq. ft. Mosler safe.
Provides three concrete drives on Council, Commerce, and Sixth streets, plus exterior lighting and landscaping.
Equipped with a sprinkler system and a drive‑in night deposit that dumps into the locked safe.

We can help!

Contact an agent

Jennifer Harper

For Sale

$365,000

Historic downtown building, remodeled with multiple potential uses.

Property size:

2,349 SF

Price / SF:

$155/SF

Added:: Oct 3, 2022
Days on Market:: 1364
Last Refresh:: May 12 at 8:54 pm

Property Features for 246 Council Street

General Information

Standard status: Active
Size: 2,349 SF
Property subtype: Other

Building Details

Year Built: 1970

We can help!

Contact an agent

Jennifer Harper

Listing office Mary Yelton Realty, Llc

Listing date Oct 3, 2022

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Mary Yelton Realty, Llc

HighLights

Completely remodeled 2,349 sq. ft. mid‑century modern building in historic downtown Waynesboro.
Features a 928 sq. ft. lobby with 12 ft. floor‑to‑ceiling windows and new AC, gas heat, LED lighting, and carpet tiling.
Includes 1,106 sq. ft. of finished drive‑in space with pine tongue and groove flooring, pine paneling, and ductless HVACs.
Offers three half baths (one handicap accessible) and a 100 sq. ft. Mosler safe.
Provides three concrete drives on Council, Commerce, and Sixth streets, plus exterior lighting and landscaping.
Equipped with a sprinkler system and a drive‑in night deposit that dumps into the locked safe.

Overview

Located in historic downtown Waynesboro, across from the post office, this mid-century modern commercial building offers 2,349 square feet of space. The building, formerly the Bank of Waynesboro Drive-Inn Branch and C&H Construction, was completely remodeled three years ago. The 928 square foot lobby, accessed from the Council Street main entrance, features 12-foot floor-to-ceiling windows on the Council and Sixth Street sides (State Hwy. 56), a kitchenette, three ceramic-tiled half baths (one handicap accessible), a storage closet with deep shelving, and a mechanical closet. The lobby has new AC and gas heat, LED lighting, and carpet tiling. The two original drive-inns on the east and west sides have been enclosed, adding approximately 1,106 square feet. These areas are finished with pine tongue and groove flooring, pine paneling, new lighting, and three ductless HVACs. Two of the office spaces have private entrances on the east and west sides. Additional features include three concrete drives on Council, Commerce and Sixth street sides, a sprinkler system, night lighting, and a drive-in night deposit which dumps into a locked safe inside the lobby. The building has multiple potential uses.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$38.9k	$16.56
− Vacancy	−$2.1k	−$0.89
EGI	$36.8k	$15.67
− OpEx	−$9.2k	−$3.92
NOI	$27.6k	$11.75

2,349 SF · lease $16.56/SF/yr · vacancy 5.40% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$394.3K

$345.0K – $460.0K (±1% cap)

NOI $27,599 @ 7.0% cap · market cap 7.56%

Second Best

Retail

$373.8K

$327.1K – $436.1K (±1% cap)

NOI $26,168 @ 7.0% cap · market cap 7.17%

Theoretical Best

Office A

$741.4K

$648.8K – $865.0K (±1% cap)

NOI $51,901 @ 7.0% cap · market cap 14.22%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Banks

Suggested Use

Location Insight

Map
Local Demand

City: Waynesboro
County: Burke
State: Georgia
Longitude: -82.0131433
Latitude: 33.0918539

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For sale
Banks
GA
Waynesboro
30830
246 Council Street

What type of property is this?

Bank - Historic downtown building, remodeled with multiple potential uses.

Where is this bank located?

The property is located at 246 Council Street Waynesboro, GA.

What is the asking price?

The asking price for this property is $365,000.

What are key features of this property?

This property features: Completely remodeled 2,349 sq. ft. mid‑century modern building in historic downtown Waynesboro.; Features a **928 sq. ft. lobby with 12 ft. floor‑to‑ceiling windows** and new AC, gas heat, LED lighting, and carpet tiling.; Includes 1,106 sq. ft. of finished drive‑in space with pine tongue and groove flooring, pine paneling, and ductless HVACs.