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Leased Shopping Center
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1705 Norman Dr, Valdosta, GA 31601

Fully leased shopping center located directly across from a large indoor mall anchored by national tenants.

Property Size64,523 SF
Days on Market120

Property Features for 1705 Norman Dr

General Information

Standard status Active
Size 64,523 SF
Property subtype Retail
Occupancy 100%
Listing Agency: Marcus & Millichap - RPH Multifamily Group
Listed By: John Edward Brigel · License #GA 311233
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 8:01AM

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 Marcus & Millichap - RPH Multifamily Group

Investment Insights

Based on property information with market context.

Promenade Plaza is a 64,523-square-foot shopping center offered for sale on an exclusive basis by Marcus & Millichap. The property is 100% leased and features a tenant mix described as premier in the offering materials. Average tenancy has been reported at more than 16 years, and the average rental rate is just over $8.00 per square foot.

Promenade Plaza is located directly across the street from Valdosta Mall, an indoor mall totaling over 500,000 square feet. Valdosta Mall is anchored by dozens of national tenants, supporting crossover shopping from the surrounding retail environment. The local economy is supported by major employers including Moody Air Force Base, South Georgia Medical Center, Valdosta State University, and local government agencies.

Key Highlights

  • 64,523 SF shopping center in Valdosta, GA
  • 100% leased with a premier tenant mix
  • Located directly across the street from Valdosta Mall (over 500,000 SF)

Property Analytics

Current Use

Geek Squad Tech Support Center Shoe Carnival Clothing & Fashion Store TNT Fireworks Department Store Best Buy Electronics & Wireless Store Books-A-Million (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Electrical Service Kitchen & Bath Showroom HVAC Service Dental Office Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

771
Businesses Nearby
932k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 26% Shops & Services 22% Apparel 15% Home Improvements & Furnishings 13%
Target Superstores
95,770 visits/mo 0.3 miles
Hobby Lobby Shops & Services
69,089 visits/mo 0.3 miles
T.J. Maxx Apparel
60,958 visits/mo 0.3 miles
Publix Groceries
57,728 visits/mo 0.4 miles
Lowe's Home Improvements & Furnishings
48,599 visits/mo 0.2 miles

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

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Sugar Creek Plaza 1804 baytree rd, valdosta, ga 31602
  • Barclay Square 1601 Baytree Rd, Valdosta, GA 31602
  • Sunglass Hut 1700 Norman Dr Suite K4, Valdosta, GA 31601
  • Promenade Shopping Plaza 1727 Norman Dr, Valdosta, GA 31601
  • Valdosta Mall 1700 Norman Dr, Valdosta, GA 31601

Frequently Asked Questions

What type of property is this?
Shopping center - Fully leased shopping center located directly across from a large indoor mall anchored by national tenants.
Where is this shopping center located?
The property is located at 1705 Norman Dr Valdosta, GA.
What are key features of this property?
This property features: 64,523 SF shopping center in Valdosta, GA; 100% leased with a premier tenant mix; Located directly across the street from Valdosta Mall (over 500,000 SF)
More about this property
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