Commercial Land with Existing
For Sale
$495,000
601 E Park Ave, Valdosta, GA 31602
Three contiguous parcels combine commercial zoning, utility service, and an existing vacant building.
Property Size4,000 SF
Price / SF$123.75
Days on Market12
Property Features for 601 E Park Ave
General Information
Standard status
Active
Size
4,000 SF
Taxes and HOA fees
Annual Taxes
$2,498
Listing Agency:
FIRST COMMERCIAL REAL ESTATE
Listed By:
Scott Alderman · License #109748
(229) 561-1939
Source:
Exprealty
Added: Sep 25
Changed: Oct 5
Last Checked: Oct 5 at 8:01PM
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 FIRST COMMERCIAL REAL ESTATE
Investment Insights
Based on property information with market context.
This 0.76-acre commercial property comprises three contiguous parcels and includes a 4,000-square-foot block, metal, and glass building. Constructed circa 1964, the building is vacant and offered in as-is condition; its recent use was as a commercial kitchen and food-preparation operation. The site is zoned C-H, and utilities are available.
Frontage totals 525 feet along E Park Ave, Marion St, and N Lee St. Multiple curb cuts provide access to the property. E Park Ave carries an estimated 15,000 vehicles per day, while the nearby intersection of E Park Ave and N Ashley St records 24,900 vehicles per day. Nearby uses include a medical office, an Enmark fuel and convenience store, and Family Dollar, with commercial properties and single- and multifamily housing in the surrounding area.
Frontage totals 525 feet along E Park Ave, Marion St, and N Lee St. Multiple curb cuts provide access to the property. E Park Ave carries an estimated 15,000 vehicles per day, while the nearby intersection of E Park Ave and N Ashley St records 24,900 vehicles per day. Nearby uses include a medical office, an Enmark fuel and convenience store, and Family Dollar, with commercial properties and single- and multifamily housing in the surrounding area.
Key Highlights
- 0.76‑acre site comprising three contiguous parcels
- 525 feet of frontage across E Park Ave, Marion St, and N Lee St
- Existing 4,000‑square‑foot building, constructed circa 1964; vacant and offered as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,576
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,520
$631.5K
Cap Rate 7%
$451,086
$451.1K
Cap Rate 9%
$350,844
$350.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$50.4K $12.60/SF
− Vacancy
−$5.3K −$1.32/SF
EGI
$45.1K $11.28/SF
− OpEx
−$13.5K −$3.38/SF
NOI
$31.6K $7.89/SF
Area
Lowndes County, GA
Vacancy
10.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,520
Cap Rate 7%
$451,086
Cap Rate 9%
$350,844
Alternative Uses
Best Use
Retail
$451.1K
$394.7K – $526.3K
NOI $31,576 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$607.3K
$531.4K – $708.5K
NOI $42,509 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
117k
Monthly Visits Nearby
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 31602, GA
35,999
Population
15,201
Households
2.4
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
39.9 sq mi
ZIP Area
902
Density / Sq Mi
$55,980
Median Household Income
$34,919
Median Earnings
$1,046
Median Rent
$197,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Three contiguous parcels combine commercial zoning, utility service, and an existing vacant building.
Where is this commercial land located?
The property is located at 601 E Park Ave Valdosta, GA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 0.76‑acre site comprising three contiguous parcels; 525 feet of frontage across E Park Ave, Marion St, and N Lee St; Existing 4,000‑square‑foot building, constructed circa 1964; vacant and offered as‑is
