Bank Building with
1535 Benning Drive, Columbus, GA 31903
For Sale
$850,000
Commercial Sale, Columbus, GA
Property Size5,704 SF
Lot Size1.89 Acres
Price / SF$149.02
Days on Market125
Property Features for 1535 Benning Drive
General Information
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Property subtype
Zoning
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Standard status
APN
Size
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Utilities
Cooling system
Building Details
Year built
Floors in Building
Number of units
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Buildings
Listing Agency:
G2 Commercial Real Estate
(706) 660-5418
Listed By:
Jack Hayes · License GA #336627
(706) 580-0614
Added: Jul 11
Changed: Oct 31
Last Checked: Nov 12 at 4:06AM
MLS# 220551
Copyright © 2026 Columbus Board of Realtors (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1960, this 5,704-square-foot brick facility retains a banking-oriented layout with a teller area, secure vault, cash drop safe, and ATM alcove. The interior also includes two restrooms, a break room, private offices, and open desk areas, with carpet and ceramic tile flooring and central electric air conditioning. A separate 652-square-foot drive-through building is included.
The property occupies a 1.89-acre corner lot in Columbus, Georgia, adjacent to Walmart and surrounded by retail businesses. General Commercial zoning supports a broad range of business uses. The configuration and existing improvements are suited to financial operations and other professional-service functions.
The property occupies a 1.89-acre corner lot in Columbus, Georgia, adjacent to Walmart and surrounded by retail businesses. General Commercial zoning supports a broad range of business uses. The configuration and existing improvements are suited to financial operations and other professional-service functions.
Key Highlights
- 5,704 SF former bank building with teller area, secure vault, cash drop safe, and ATM alcove
- Separate 652 SF drive‑through building
- 1.89‑acre corner lot in Columbus, GA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,441
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,488,820
$1.5M
Cap Rate 7%
$1,063,443
$1.1M
Cap Rate 9%
$827,122
$827.1K
Market Conditions
NOI Build-Up for 5,704 SF
Gross rent
$104.0K $18.24/SF
− Vacancy
−$4.8K −$0.84/SF
EGI
$99.3K $17.40/SF
− OpEx
−$24.8K −$4.35/SF
NOI
$74.4K $13.05/SF
Area
Columbus, GA
Vacancy
4.60%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,488,820
Cap Rate 7%
$1,063,443
Cap Rate 9%
$827,122
Alternative Uses
Best Use
Specialty Retail
$1.06M
$930.5K – $1.24M
NOI $74,441 @ 7.0% cap · market cap 8.76%
Second Best
Retail
$992.6K
$868.5K – $1.16M
NOI $69,479 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,339 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
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Business Placement
Demographics for 31903, GA
20,703
Population
9,593
Households
2.2
Avg Household Size
34
Median Age
8%
College-Educated
76%
High-School Grad
10.0 sq mi
ZIP Area
2,070
Density / Sq Mi
$29,488
Median Household Income
$27,063
Median Earnings
$873
Median Rent
$75,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Bank - Former banking facility with secure financial-service improvements, private offices, and open work areas.
Where is this bank located?
The property is located at 1535 Benning Drive Columbus, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,704 SF former bank building with teller area, secure vault, cash drop safe, and ATM alcove; Separate 652 SF drive‑through building; 1.89‑acre corner lot in Columbus, GA
