Technical
Financial
Distress signals
Property profile

806 Commerce St Perry, GA 31069

OFF-MARKET
Commercial real estate
Property ID
US22-1804872
4,725 SF 0.25 ac lot Built 1950
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property presents a unique investment opportunity in the heart of Downtown Perry, Georgia. Encompassing two prime corner lots totaling 0.48 acres at 806 and 810 Commerce Street, this offering features a stunning, newly renovated, 7,500 square foot, three-story historic theatre. The building's prime location sits at the intersection of Ball Street, Commerce Street, and Jernigan Street, offering excellent visibility and accessibility. Currently vacant, this versatile space is ideal for a variety of uses, making it an attractive prospect for savvy investors seeking a high-return asset. The property's substantial size and historic character provide a blank canvas for creative redevelopment, catering to a range of commercial ventures. The asking price is $2,750,000, translating to a price per square foot of $366.67. This represents a significant opportunity to acquire a substantial piece of Perry's vibrant downtown, situated conveniently behind "Orleans on Carroll Street". The property's location and unique character make it a compelling investment in a growing Georgia community. The building's historic charm combined with its modern renovations presents a rare opportunity to own a piece of Perry's rich history while capitalizing on its future potential. Don't miss this chance to acquire a truly exceptional property.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 4,725 SF
Lot 0.25 ac (10,890 SF)
Zoning code C3
APN 0P0010 01C000
UPID US22-1804872

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort

Location

806 Commerce St Perry, GA 31069-3320
Perry metro Census 21205 WARNER ROBINS, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$650k
Comparable Approach Comparable
$831k
Blend (final) Blend
$260k

Owner & transaction history

since 2018
5 recorded transactions
2021
Price N/A
2021
Price N/A
2018
Price N/A
2015
Price N/A
2012
$75,000

Zoning & alternative use

C3 · Perry, GA
Zoning description

(5) C-3, Central business district (CBD). The C-3 district is intended to preserve downtown Perry as the city's center accommodating a unique mix of retail, entertainment, office, service, cultural, government, civic, an…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Auto repair, garage $715,000 +32.8%
Neighborhood: shopping center $650,000 +20.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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