Renovated Mixed-Use Student
127 S Wayne St, Milledgeville, GA 31061
Fully renovated, 100% occupied mixed-use property near Georgia College.
Type:Retail, Multifamily, Mixed Use
Property size:
10,069 SFPrice / SF:
$322/SF- Added:
- Mar 20, 2026
- Days on Market:
- 54
- Last Refresh:
- Mar 21 at 8:44 pm
Property Features for 127 S Wayne St
General Information
- Standard status
- Active
- Size
- 10,069 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1900
Listing agent Hank Randolph License #GA 366078
Listing office WHR Real Estate Co
Listing date Mar 20, 2026
Source Crexi
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 WHR Real Estate Co
HighLights
- Fully renovated mixed‑use property in downtown Milledgeville, offering diversified income.
- 100% occupied with residential units pre‑leased through Summer 2027, ensuring immediate and stable cash flow.
- Prime downtown location within walking distance of Georgia College & State University and Georgia Military College.
- Retail space leased to The Tee Drive (golf simulator) under a 5‑year lease through 2030 with 3% annual rent escalations.
- Opportunity Zone location with strong upside potential.
- Complete renovation in August 2025, blending historic character with modern upgrades.
Overview
This fully renovated mixed-use property is located in downtown Milledgeville, Georgia, within walking distance of Georgia College & State University and Georgia Military College. The property features 11 residential apartment units and a 2,400 square foot retail space, providing a diversified income stream. The retail suite is leased to The Tee Drive, a golf simulator concept, under a 5-year lease extending through 2030, with 3% annual rent escalations. The unit mix includes five 2-bedroom, 2-bathroom units, five 1-bedroom, 1-bathroom units, and one 2-bedroom, 1-bathroom unit. Originally constructed in 1900, the building was completely renovated in August 2025. The residential units are fully leased and pre-leased through Summer 2027, providing immediate and stable cash flow. The property is situated in a prime downtown location with walkable access to campus, restaurants, and retail, benefiting from consistent tenant demand. The property size is 10,069 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Taglist Co.
Information Bureau
Location Insight
- Map
- Local Demand
- City
- Milledgeville
- County
- Baldwin
- State
- Georgia
- Longitude
- -83.227125
- Latitude
- 33.080282
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Fully renovated, 100% occupied mixed-use property near Georgia College.
Where is this mixed-use property located?
The property is located at 127 S Wayne St Milledgeville, GA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Fully renovated mixed‑use property in downtown Milledgeville, offering diversified income.; 100% occupied with residential units pre‑leased through Summer 2027, ensuring immediate and stable cash flow.; Prime downtown location within walking distance of Georgia College & State University and Georgia Military College.
