Renovated Mixed-Use Student
For Sale
Contact for pricing
Pending
127 S Wayne St, Milledgeville, GA 31061
Fully renovated, 100% occupied mixed-use property near Georgia College.
Property Size10,069 SF
Days on Market146
Property Features for 127 S Wayne St
General Information
Standard status
Pending
Size
10,069 SF
Class
A
Property subtype
Retail, Multifamily, Mixed Use
Zoning
CBD
Occupancy
100%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$186,487
Building Details
Year Built
1900
Year Renovated
2025
Buildings
1
Stories
3
Units
12
Tenancy
Multi
Listing Agency:
WHR Real Estate Co
(706) 714-1196
Listed By:
Hank Randolph · License #GA 366078
Source:
Crexi
Added: Mar 20
Changed: Aug 8
Last Checked: Aug 11 at 10:09AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
Explore this area
Business Placement
Demographics for 31061, GA
42,450
Population
19,323
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
272.9 sq mi
ZIP Area
156
Density / Sq Mi
$55,371
Median Household Income
$35,797
Median Earnings
$864
Median Rent
$167,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
