Street-Facing Office
For Sale
$170,000
120 W Hill Avenue, Valdosta, GA 31601
Commercial Sale, Valdosta, GA
Property Size1,767 SF
Lot Size0.04 Acres
Price / SF$96.21
Days on Market48
Property Features for 120 W Hill Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-D
Subdivision
Downtown
Standard status
Active
APN
0120A 148
Size
1,767 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 16 BLK 9
Tax Annual Amount
2832
Legal Description
LT 16 BLK 9
Amenities
shower
Building Details
Year built
1900
Listing Agency:
Southern Classic Realtors
(678) 635-8877
Listed By:
Austin Plyler · License #334712
(229) 560-9275
Added: Sep 15
Changed: Oct 20
Last Checked: Nov 1 at 11:06PM
MLS# 155018
Copyright © 2026 South Georgia MLS (Valdosta). 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.
Located at 120 W. Hill Avenue in Valdosta, this approximately 1,767-square-foot office unit dates to 1900 and carries C-D zoning. The layout includes a street-facing reception area, open work and counter space, a private office, storage areas, and two restrooms, including one with a shower. Rear access connects to public or shared downtown parking off Toombs Street.
The property was formerly used as a small bank and finance office and requires cosmetic updates and renovation for its next use. It is next to Bleu Pub and near Bank OZK, with the Union at Valdosta mixed-use project planned nearby on West Hill Avenue. The 0.04-acre parcel offers a compact commercial setting for office, retail, service, or professional use.
The property was formerly used as a small bank and finance office and requires cosmetic updates and renovation for its next use. It is next to Bleu Pub and near Bank OZK, with the Union at Valdosta mixed-use project planned nearby on West Hill Avenue. The 0.04-acre parcel offers a compact commercial setting for office, retail, service, or professional use.
Key Highlights
- Approximately 1,767 square feet of commercial space
- C‑D zoning on a 0.04‑acre parcel
- Street‑facing reception area with open work and counter space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,949
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,980
$279.0K
Cap Rate 7%
$199,271
$199.3K
Cap Rate 9%
$154,989
$155.0K
Market Conditions
NOI Build-Up for 1,767 SF
Gross rent
$22.3K $12.60/SF
− Vacancy
−$2.3K −$1.32/SF
EGI
$19.9K $11.28/SF
− OpEx
−$6.0K −$3.38/SF
NOI
$13.9K $7.89/SF
Area
Lowndes County, GA
Vacancy
10.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,980
Cap Rate 7%
$199,271
Cap Rate 9%
$154,989
Alternative Uses
Best Use
Retail
$199.3K
$174.4K – $232.5K
NOI $13,949 @ 7.0% cap · market cap 8.21%
Second Best
Office B
$194.9K
$170.6K – $227.4K
NOI $13,645 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$268.3K
$234.7K – $313.0K
NOI $18,778 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
192
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Compact commercial space with reception, open work area, private office, storage, restrooms, and rear parking-area access.
Where is this office unit located?
The property is located at 120 W Hill Avenue Valdosta, GA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Approximately 1,767 square feet of commercial space; C‑D zoning on a 0.04‑acre parcel; Street‑facing reception area with open work and counter space
