Former Restaurant with Commercial
For Sale
$425,000
601 5 7 E Park Ave., Valdosta, GA 31601
COMMERCIAL - Valdosta, GA
Property Size3,844 SF
Lot Size0.24 Acres
Price / SF$110.56
Days on Market304
Property Features for 601 5 7 E Park Ave.
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-H
Subdivision
2-N of Park Ave to E Oak St (City Limits)
Standard status
Active
APN
0114C 191
Size
3,844 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1/2 LT 10 & 11 BLK C
Tax Annual Amount
1327
Legal Description
1/2 LT 10 & 11 BLK C
Building Details
Year built
1980
Listing Agency:
THE HERNDON COMPANY
(229) 244-1992
Listed By:
Ross Cook · License #423037
(229) 300-7201
Added: Sep 30, 2025
Changed: Jul 29
Last Checked: Jul 30 at 11:06AM
MLS# 146353
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.
Investment Insights
Based on property information with market context.
This former restaurant is a solid concrete block building offering a wide-open main room, two restrooms, and an office suited for security or operations. The property includes multiple prep areas and a full commercial kitchen designed for ready use. A portion of the space has a drop ceiling in place, with flexibility to add more as needed. HVAC is fully operational, and a glass-front façade supports strong curb appeal. The property also includes a semi-circle drive with a brick structure that previously housed an ATM, offering an additional feature for repurposing.
Located just off Ashley Drive, the site is directly across from a strip mall anchored by South Georgia Medical Center and Internal Medicine. It sits between a Family Dollar and an Enmark gas station. The listing also notes strong traffic counts and excellent visibility.
The building is approximately 3,844 square feet and the listing indicates the price includes 3 lots, with the seller open to selling lots separately. Zoning is listed as C-H. The site is currently used to host multiple food trucks and provides 40+ dedicated parking spaces, with additional corner parking.
Located just off Ashley Drive, the site is directly across from a strip mall anchored by South Georgia Medical Center and Internal Medicine. It sits between a Family Dollar and an Enmark gas station. The listing also notes strong traffic counts and excellent visibility.
The building is approximately 3,844 square feet and the listing indicates the price includes 3 lots, with the seller open to selling lots separately. Zoning is listed as C-H. The site is currently used to host multiple food trucks and provides 40+ dedicated parking spaces, with additional corner parking.
Key Highlights
- 1980 concrete block commercial building just under 4,000 sq. ft.
- Previously operated as a restaurant with wide‑open main room, full commercial kitchen, multiple prep areas, and office space.
- Includes two restrooms and a portion with drop ceiling in place (flexibility to add more).
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 | $50.7k | $13.20 |
| − Vacancy | −$3.5k | −$0.90 |
| EGI | $47.3k | $12.30 |
| − OpEx | −$11.8k | −$3.08 |
| NOI | $35.5k | $9.23 |
3,844 SF · lease $13.20/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$506.7K
$443.4K – $591.1K
NOI $35,468 @ 7.0% cap · market cap 8.35%
Second Best
Industrial
$247.5K
$216.5K – $288.7K
NOI $17,323 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$583.6K
$510.6K – $680.9K
NOI $40,851 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
117k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 26%
Apparel 6%
Electronics 1%
McDonald's
Dining
23,469 visits/mo
0.2 miles
Circle K
Shops & Services
14,557 visits/mo
0.3 miles
Wendy's
Dining
14,179 visits/mo
0.4 miles
Checkers
Dining
13,873 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
8,956 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
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Concrete block restaurant building with a wide-open dining area, full commercial kitchen, and 40+ dedicated parking spaces.
Where is this conventional restaurant located?
The property is located at 601 5 7 E Park Ave. Valdosta, GA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1980 concrete block commercial building just under 4,000 sq. ft.; Previously operated as a restaurant with wide‑open main room, full commercial kitchen, multiple prep areas, and office space.; Includes two restrooms and a portion with drop ceiling in place (flexibility to add more).
