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    1583 Cherry St Jesup, GA 31545

    For Sale
    $850,000

    High-yield, fully leased commercial property. Excellent location & income.

    Property size:
    10,962 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents a 10,962 square foot shopping center in Jesup, Georgia. The property sits on a generous 2.54-acre lot and boasts five fully occupied commercial units, generating a substantial monthly income of $5,350. Ample parking is available, ensuring convenient access for tenants and customers alike. The property's strong tenant occupancy guarantees an immediate and consistent cash flow, making it an attractive addition to any real estate portfolio. Annual property taxes are $5,563, and annual insurance premiums are $4,400. This fully operational shopping center is located in a thriving area, offering a stable and profitable investment opportunity. The property's size and location make it ideal for a variety of commercial uses, providing long-term growth potential. This is a turnkey operation, requiring minimal management overhead. The current leases provide a secure income stream, minimizing risk and maximizing return on investment. This property represents a rare chance to acquire a high-performing commercial asset in a desirable location.

    Property Features for 1583 Cherry St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    10,962 SF
    Lot Size
    110,642 SF

    Building Details

    Year Built
    2011
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Gym & Fitness Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Jesup
    County
    Wayne
    State
    Georgia
    Longitude
    -81.90436
    Latitude
    31.62077

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield, fully leased commercial property. Excellent location & income.
    Where is this commercial real estate located?
    The property is located at 1583 Cherry St Jesup, GA.
    What is the asking price?
    The asking price for this property is $850,000.
    (912) 785-7016
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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
    1583 Cherry St Jesup, GA 31545
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