Historic Three-Story Mixed-Use
New
For Sale
$2,795,000
105-111 W Central Avenue, Valdosta, GA 31601
Ground-floor retail and office suites sit below upper-level residential or event-use space, with a freight elevator serving every floor.
Property Size24,300 SF
Price / SF$115.02
Days on Market3
Property Features for 105-111 W Central Avenue
General Information
Standard status
Active
Size
24,300 SF
Total Parking Spaces
30
Elevators
Yes
Property subtype
Commercial
Zoning
C-D
Additional Details
Mixed-Use Components
retail, office, residential
Property Use
Commercial Storefronts, Professional Office, Residential/Event
Taxes and HOA fees
Annual Taxes
$20,615
Amenities
original hardwood floors
wooden blinds / shutters
granite
soaring ceilings
exposed brick
large storefront windows
freight elevator
Elevator
Living Quarters
Private Restrooms
Sign(s)
Building Details
Building Size
24,300 SF
Buildings
1
Stories
3
Construction
brick
Listing Agency:
COLDWELL BANKER PREMIER REAL E
(229) 244-3535
Listed By:
John Courson · License #342868
(229) 251-4632
Source:
Garnerrealtygroupllc
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 4:22AM
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 COLDWELL BANKER PREMIER REAL E
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Investment Insights
Based on property information with market context.
This three-story brick commercial building contains 24,300 square feet, arranged as 8,100 square feet on each floor. Built in the early 1900s, it retains features including exposed brick, original hardwood flooring, arched windows, and painted exterior signage. The property also has granite finishes, a new roof, updated HVAC, and a freight elevator that reaches all three levels. Zoning is C-D.
The ground floor is configured for retail and professional office suites, with storefront windows and modern finishes. Upper floors offer residential or event-use space. The building is at 105–111 W Central Avenue in downtown Valdosta, among shops, restaurants, and professional services, near the courthouse square and central business district. Public parking is available in the Toombs Street lot.
The ground floor is configured for retail and professional office suites, with storefront windows and modern finishes. Upper floors offer residential or event-use space. The building is at 105–111 W Central Avenue in downtown Valdosta, among shops, restaurants, and professional services, near the courthouse square and central business district. Public parking is available in the Toombs Street lot.
Key Highlights
- 24,300 square feet across three floors, with 8,100 SF per floor
- C‑D zoning
- Ground‑floor retail and professional office suites with storefront windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$200,475
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,009,500
$4.0M
Cap Rate 7%
$2,863,929
$2.9M
Cap Rate 9%
$2,227,500
$2.2M
Market Conditions
NOI Build-Up for 24,300 SF
Gross rent
$364.5K $15.00/SF
− Vacancy
−$43.7K −$1.80/SF
EGI
$320.8K $13.20/SF
− OpEx
−$120.3K −$4.95/SF
NOI
$200.5K $8.25/SF
Area
Lowndes County, GA
Vacancy
12.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,009,500
Cap Rate 7%
$2,863,929
Cap Rate 9%
$2,227,500
Alternative Uses
Best Use
Mixed Use
$2.86M
$2.51M – $3.34M
NOI $200,475 @ 7.0% cap · market cap 7.17%
Second Best
Retail
$2.74M
$2.40M – $3.20M
NOI $191,822 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,241 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
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Business Placement
Demographics for 31601, GA
32,331
Population
14,345
Households
2.3
Avg Household Size
33
Median Age
15%
College-Educated
82%
High-School Grad
159.0 sq mi
ZIP Area
203
Density / Sq Mi
$34,846
Median Household Income
$28,878
Median Earnings
$872
Median Rent
$112,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail and office suites sit below upper-level residential or event-use space, with a freight elevator serving every floor.
Where is this mixed-use property located?
The property is located at 105-111 W Central Avenue Valdosta, GA.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: 24,300 square feet across three floors, with 8,100 SF per floor; C‑D zoning; Ground‑floor retail and professional office suites with storefront windows
