Downtown Valdosta Mixed-Use
128-132 N Ashley Street, Valdosta, GA 31601
- Added:
- Nov 15, 2025
- Days on Market:
- 191
- Last Refresh:
- May 25 at 11:06 pm
Property Features for 128-132 N Ashley Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C-D
- Parking features
- On Street
- Window features
- Wood Frames
- Interior features
- Cable TV Available
- Appliances
- Refrigerator, Electric Range, Dishwasher, Ice Maker
- Standard status
- Pending
- APN
- 0118C 145-146
- Size
- 10,800 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- In listing office
- Tax Annual Amount
- 11753
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Hardwood
- Building materials
- Brick Veneer
Listing agent John Courson License #342868 (229) 251-4632
Listing office COLDWELL BANKER PREMIER REAL E 1616 Norman Dr Suite E, Valdosta, GA (229) 244-3535
Listing date Nov 15, 2025
MLS# 146832
Listing URL
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.
HighLights
- Premier downtown Valdosta mixed‑use building with diversified income streams.
- Anchor tenant: long‑running, highly regarded restaurant provides reliable income.
- Upscale loft apartments with exposed brick and modern amenities attract tenants.
- Prime 3,600 SF ground‑floor retail space available for owner‑user or leasing.
- Potential monthly income of approximately $10,925 with leased commercial space at market rate.
- Located in Valdosta's evolving dining, retail, and cultural district.
Overview
Located in downtown Valdosta, this mixed-use building features historic brickwork, tall storefront glass, and modern finishes. The property includes a 1,800-square-foot commercial space occupied by a local restaurant. Adjacent to the restaurant is a 3,600-square-foot ground-floor retail space available for an owner-user or future leasing. The second floor houses five loft apartments with exposed brick, reclaimed-style textures, tall windows, and contemporary kitchens and baths. The property is situated in Valdosta's dining, retail, and cultural district. The 0.124-acre lot contains a 10,800 square foot building. The property is zoned C-D. The 3,600-square-foot commercial space can generate potential monthly income of approximately $10,925 ($131,100 annually) if leased at a market rate of $12/SF base.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.11M
NOI $99,649 @ 9.00% cap · cautious / downside scenario
Moderate
$1.42M
NOI $99,649 @ 7.00% cap · market / base-case scenario
Aggressive
$1.99M
NOI $99,649 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.6k | $13.20 |
| − Vacancy | −$9.7k | −$0.90 |
| EGI | $132.9k | $12.30 |
| − OpEx | −$33.2k | −$3.08 |
| NOI | $99.6k | $9.23 |
10,800 SF · lease $13.20/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$1.42M
$1.25M – $1.66M
NOI $99,649 @ 7.0% cap · market cap 8.34%
Second Best
Mixed Use
$1.27M
$1.11M – $1.49M
NOI $89,100 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,774 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Valdosta
- County
- Lowndes
- State
- Georgia
- Longitude
- -83.2787593
- Latitude
- 30.8319818
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with retail and residential units in Valdosta.
Where is this mixed-use property located?
The property is located at 128-132 N Ashley Street Valdosta, GA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Premier downtown Valdosta mixed‑use building with diversified income streams.; Anchor tenant: long‑running, highly regarded restaurant provides reliable income.; Upscale loft apartments with exposed brick and modern amenities attract tenants.
