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Partially Constructed Multifamily Building
For Sale
$775,000

2508 Newcastle St, Brunswick, GA 31520

Partially constructed six-story frame apartment project on a HUD opportunity zone site, with planned layouts for 20 or 6 units.

Property Size20,460 SF
Lot Size0.72 Acres
Price / SF$37.88
Days on Market129

Property Features for 2508 Newcastle St

General Information

Standard status Active
Size 20,460 SF
Lot size 0.72 Acres

Additional Details

Opportunity Zone Yes
Multifamily Units 20

Building Details

Stories 6
Listing Agency: eXp Realty LLC
Listed By: Harold Meyers · License #336390
Source: Exprealty
Added: Apr 29 Changed: Aug 22 Last Checked: Sep 2 at 1:03AM

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 eXp Realty LLC

Investment Insights

Based on property information with market context.

Partially constructed six-story frame multifamily building in Brunswick, GA, built as the foundation for a condominium complex. The current plans accommodate up to 20 units, with flexibility noted for layouts ranging from 6 to 20 residences, and proposed layout and floor plans are available for review.

The property is located on a HUD opportunity zone site. The seller also indicates an adjoining lot at 2520 New Castle St (additional .80-acre lot) is available for purchase, and proposed transitions include owner financing and joint venture partnerships.

Key Highlights

  • .72‑acre site with a partially constructed six‑story frame for a planned condominium complex
  • Plans currently accommodate 20 units, with layouts that can be customized for 6 to 20 residences
  • Proposed layout and floor plans are in hand and available for review

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Computer & Electronic Repair Pharmacy Bakery

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

20
Residential units

Location Intelligence

Trade Area within ½ mile

259
Businesses Nearby

Demographics for 31520, GA

22,726
Population
10,619
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
84%
High-School Grad
20.1 sq mi
ZIP Area
1,131
Density / Sq Mi
$37,652
Median Household Income
$26,292
Median Earnings
$936
Median Rent
$135,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Partially constructed six-story frame apartment project on a HUD opportunity zone site, with planned layouts for 20 or 6 units.
Where is this apartment building located?
The property is located at 2508 Newcastle St Brunswick, GA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: .72‑acre site with a partially constructed six‑story frame for a planned condominium complex; Plans currently accommodate 20 units, with layouts that can be customized for 6 to 20 residences; Proposed layout and floor plans are in hand and available for review
More about this property
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