Dual-Unit Flex
For Sale
$384,900
Pending
107 Center Street, St Simons Island, GA 31522
Commercial Sale, St. Simons Island, GA
Property Size1,965 SF
Days on Market228
Property Features for 107 Center Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
4
Directions
At intersection of Frederica Rd and Sea Island Causeway, head north on Frederica Rd. Take left on Sylvan Drive, take left on Center Street. Building on Right. 107 Unit A/B is on far left when facing the building.
Subdivision
S3: Mid-North SSI
Standard status
Pending
APN
0412264
Size
1,965 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 1 SYLVAN LAKE COMMERCIAL CONDO
Tax Annual Amount
1950
Legal Description
UNIT 1 SYLVAN LAKE COMMERCIAL CONDO
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2002
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty Golden Isles
(912) 434-6477
Listed By:
Holly May · License #264548
(678) 644-2572
Added: Mar 9
Changed: Oct 8
Last Checked: Oct 22 at 4:06PM
MLS# 1660219
Copyright © 2026 Golden Isles Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,965-square-foot flex property contains two separately locked units connected through a shared entry foyer. The upper level measures approximately 1,000 square feet and includes two offices/bedrooms, 1.5 baths, a full kitchen, laundry, high ceilings, LVP flooring, newer appliances, and HVAC improvements. Renovation work was completed in 2021.
The 965-square-foot main-level unit includes a roll-up garage door bay, kitchenette, laundry, full bathroom, and a separate rear office or room adjoining the showroom. Dedicated parking is positioned directly in front of the property. The commercial condominium is one of five units in Sylvan Lake Commercial Condos, with an association managed by the owners.
The property is located on Center Street on St. Simons Island, behind Pierce & Parker furniture and across from St. Simons Storage. Nearby commercial users include home improvement, contracting, and shipping/receiving businesses, with residential tenants above.
The 965-square-foot main-level unit includes a roll-up garage door bay, kitchenette, laundry, full bathroom, and a separate rear office or room adjoining the showroom. Dedicated parking is positioned directly in front of the property. The commercial condominium is one of five units in Sylvan Lake Commercial Condos, with an association managed by the owners.
The property is located on Center Street on St. Simons Island, behind Pierce & Parker furniture and across from St. Simons Storage. Nearby commercial users include home improvement, contracting, and shipping/receiving businesses, with residential tenants above.
Key Highlights
- 1,965 square feet configured as two separately locked commercial units
- Upper unit is approximately 1,000 square feet with two offices/bedrooms and 1.5 baths
- Main‑level 965‑square‑foot unit includes roll‑up garage door bay and showroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,002
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,040
$400.0K
Cap Rate 7%
$285,743
$285.7K
Cap Rate 9%
$222,244
$222.2K
Market Conditions
NOI Build-Up for 1,965 SF
Gross rent
$34.2K $17.40/SF
− Vacancy
−$7.5K −$3.83/SF
EGI
$26.7K $13.57/SF
− OpEx
−$6.7K −$3.39/SF
NOI
$20.0K $10.18/SF
Area
Glynn County, GA
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,040
Cap Rate 7%
$285,743
Cap Rate 9%
$222,244
Alternative Uses
Best Use
Office B
$285.7K
$250.0K – $333.4K
NOI $20,002 @ 7.0% cap · market cap 5.20%
Second Best
Mixed Use
$250.1K
$218.9K – $291.8K
NOI $17,508 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$407.8K
$356.8K – $475.8K
NOI $28,547 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
2
Office units
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 31522, GA
16,892
Population
12,241
Households
1.4
Avg Household Size
57
Median Age
56%
College-Educated
96%
High-School Grad
53.4 sq mi
ZIP Area
316
Density / Sq Mi
$106,413
Median Household Income
$63,077
Median Earnings
$1,723
Median Rent
$498,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Halyards Catering — 55 Cinema Ln, St Simons Island, GA 31522
- TasteBuds In-Home Catering — 201 Palmetto St, St Simons Island, GA 31522
Frequently Asked Questions
What type of property is this?
Flex space - Two separately secured units combine office, showroom, delivery, and live/work functionality in one commercial condo.
Where is this flex space located?
The property is located at 107 Center Street St Simons Island, GA.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: 1,965 square feet configured as two separately locked commercial units; Upper unit is approximately 1,000 square feet with two offices/bedrooms and 1.5 baths; Main‑level 965‑square‑foot unit includes roll‑up garage door bay and showroom
