Commercial Land with Existing
601 E Park Ave, Valdosta, GA 31602
For Sale
$495,000
Commercial Sale, Valdosta, GA
Property Size4,000 SF
Lot Size0.76 Acres
Price / SF$123.75
Days on Market47
Property Features for 601 E Park Ave
General Information
Property type
Property subtype
Zoning
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Listing Agency:
FIRST COMMERCIAL REAL ESTATE
Listed By:
Scott Alderman · License GA #109748
(229) 561-1939
Added: Sep 25
Changed: Oct 9
Last Checked: Nov 10 at 9:06AM
MLS# 155136
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.
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Investment Insights
Based on property information with market context.
The 0.76-acre property comprises three contiguous parcels and includes a 4,000-square-foot block, metal and glass building constructed in 1964. The building is vacant and offered in as-is condition; its recent use was for commercial kitchen and food preparation. The site is zoned C-H and has utilities.
Frontage totals 525 feet along E Park Ave, Marion St and N Lee St. Multiple curb cuts provide access. The property is one block from E Park Ave and N Ashley St, an intersection reported at 24,900 vehicles per day; E Park Ave carries an estimated 15,000 vehicles per day. Nearby uses include a medical office, fuel and convenience store, Family Dollar, other commercial development, and single- and multifamily housing.
Frontage totals 525 feet along E Park Ave, Marion St and N Lee St. Multiple curb cuts provide access. The property is one block from E Park Ave and N Ashley St, an intersection reported at 24,900 vehicles per day; E Park Ave carries an estimated 15,000 vehicles per day. Nearby uses include a medical office, fuel and convenience store, Family Dollar, other commercial development, and single- and multifamily housing.
Key Highlights
- 0.76‑acre site consisting of three contiguous parcels
- 4,000‑square‑foot building, constructed in 1964; offered in as‑is condition
- 525' of frontage across E Park Ave, Marion St and N Lee St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,907
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,140
$738.1K
Cap Rate 7%
$527,243
$527.2K
Cap Rate 9%
$410,078
$410.1K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$52.8K $13.20/SF
− Vacancy
−$3.6K −$0.90/SF
EGI
$49.2K $12.30/SF
− OpEx
−$12.3K −$3.08/SF
NOI
$36.9K $9.23/SF
Area
Lowndes County, GA
Vacancy
6.80%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,140
Cap Rate 7%
$527,243
Cap Rate 9%
$410,078
Alternative Uses
Best Use
Specialty Retail
$527.2K
$461.3K – $615.1K
NOI $36,907 @ 7.0% cap · market cap 7.46%
Second Best
Industrial
$257.5K
$225.3K – $300.4K
NOI $18,026 @ 7.0% cap · market cap 3.64%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Market
Properties on Market for Commercial land in Valdosta
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - A vacant commercial site combines redevelopment land with an existing building and access from three streets.
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 consisting of three contiguous parcels; 4,000‑square‑foot building, constructed in 1964; offered in as‑is condition; 525' of frontage across E Park Ave, Marion St and N Lee St
