Leased Grocery and Convenience
For Sale
$585,000
1209 & 1211 Gloucester Street, Brunswick, GA 31520
A corner commercial building has updated mechanical, electrical, and plumbing systems and diagonal parking along Albany Street.
Property Size2,780 SF
Price / SF$210.43
Days on Market250
Property Features for 1209 & 1211 Gloucester Street
General Information
Standard status
Active
Size
2,780 SF
Property subtype
Commercial
Additional Details
Corner Location
Yes
Tenant in Place
Yes
Building Details
Year Built
1950
Buildings
1
Construction
brick
Listing Agency:
Keller Williams Realty Golden Isles
Listed By:
Michael Heiser · License #373759
(912) 689-3421
Source:
Heiserrealestategroup
Added: Feb 26
Changed: Nov 1
Last Checked: Oct 31 at 2:35PM
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 Keller Williams Realty Golden Isles
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Investment Insights
Based on property information with market context.
This 2,780-square-foot, all-brick grocery and convenience store property is occupied by a convenience store and deli. Recent improvements include a new roof, HVAC system, wiring, and plumbing. The building dates to 1950.
At the corner of Gloucester Street and Albany Street in downtown Brunswick, the property sits next to a Brunswick Fire Department station. Diagonal parking is available along the Albany Street side.
At the corner of Gloucester Street and Albany Street in downtown Brunswick, the property sits next to a Brunswick Fire Department station. Diagonal parking is available along the Albany Street side.
Key Highlights
- 2,780 SF all‑brick commercial building
- Currently leased to a convenience store and deli
- New roof, HVAC, wiring, and plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,283
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,660
$545.7K
Cap Rate 7%
$389,757
$389.8K
Cap Rate 9%
$303,144
$303.1K
Market Conditions
NOI Build-Up for 2,780 SF
Gross rent
$39.0K $14.04/SF
− Vacancy
−$2.7K −$0.95/SF
EGI
$36.4K $13.09/SF
− OpEx
−$9.1K −$3.27/SF
NOI
$27.3K $9.81/SF
Area
Glynn County, GA
Vacancy
6.80%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,660
Cap Rate 7%
$389,757
Cap Rate 9%
$303,144
Alternative Uses
Best Use
Specialty Retail
$389.8K
$341.0K – $454.7K
NOI $27,283 @ 7.0% cap · market cap 4.66%
Second Best
Retail
$347.2K
$303.8K – $405.1K
NOI $24,304 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$577.0K
$504.8K – $673.1K
NOI $40,387 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31520, GA
22,726
Population
10,619
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
84%
High-School Grad
20.1 sq mi
ZIP Area
1,131
Density / Sq Mi
$37,652
Median Household Income
$26,292
Median Earnings
$936
Median Rent
$135,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Adams Meat Market — 1700 Norwich St #6449, Brunswick, GA 31520
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - A corner commercial building has updated mechanical, electrical, and plumbing systems and diagonal parking along Albany Street.
Where is this grocery and convenience store located?
The property is located at 1209 & 1211 Gloucester Street Brunswick, GA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2,780 SF all‑brick commercial building; Currently leased to a convenience store and deli; New roof, HVAC, wiring, and plumbing
