208 N Patterson Valdosta, GA 31601
Fully renovated historic building with an operational restaurant kitchen, sprinkler and security systems, and multi-level layout.
- Added:
- Jul 13, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 14 at 2:22 am
Property Features for 208 N Patterson
General Information
- Standard status
- Active
- Size
- 7,560 SF
- Property subtype
- Commercial
Listing office Southern Classic Realtors (229) 269-1380
Listing date Jul 13, 2026
Source Homesinvaldosta
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Investment Insights
Based on property information with market context.
Located on the main block of Downtown Patterson Street directly across from the Lowndes County Courthouse, the building benefits from prominent downtown positioning. It was originally renovated in 2015 and has been used in connection with special events, with a reported history of high bookings for those gatherings.
With turnkey restaurant kitchen improvements, flexible interior circulation, and additional storage, this is well suited for operators seeking a large, historic, multi-level venue.
Key Highlights
- Fully renovated 7,560 SF historic building on Downtown Patterson St in Valdosta, GA, across from the Lowndes County Courthouse
- Originally renovated in 2015 with exposed brick walls and modern infrastructure upgrades
- Includes a complete restaurant kitchen setup ready for operation plus a history of high bookings for special events
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.8k | $13.20 |
| − Vacancy | −$6.8k | −$0.90 |
| EGI | $93.0k | $12.30 |
| − OpEx | −$23.3k | −$3.08 |
| NOI | $69.8k | $9.23 |
