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    3663 1St Ave Columbus, GA 31904

    Sponsored
    For Sale
    $12,200,000

    Prime Industrial Warehouse, High Income Potential

    Property size:
    407,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 407,420-square-foot industrial warehouse in Columbus, Georgia, presents a compelling owner-user or investment opportunity. Situated on a 16.1-acre lot, the property boasts a diverse tenant roster including River Mill Boat, Auto & RV Storage, River Mill Self Storage, River Mill Data Management, Panasonic, Lowe Electric Supply, Hornsby Tire, and La-Z-Boy, generating over $750,000 in annual net lease income. The warehouse complex comprises three distinct components: River Mill Warehouses (approximately 253,400 square feet with nine units ranging from 14,200 to 52,180 square feet)

    Property Features for 3663 1St Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    407,420 SF
    Lot Size
    701,316 SF

    Building Details

    Year Built/Renovated
    1920/2023
    Buildings
    1
    Stories
    1

    HighLights

    • 402,900 SF industrial warehouse on a 16.1‑acre site in Columbus, GA.
    • Generating over $750,000 in annual net lease income with significant upside potential.
    • Excellent access to JR Allen Parkway, Manchester Expressway, and I‑185.
    • One block from 2nd Avenue, convenient to downtown Columbus and Phenix City.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.991336568636
    Latitude
    32.49847524691

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    FAQs

    What type of property is this?
    Distribution property - Prime Industrial Warehouse, High Income Potential
    Where is this distribution property located?
    The property is located at 3663 1St Ave Columbus, GA.
    What is the asking price?
    The asking price for this property is $12,200,000.
    What are key features of this property?
    This property features: 402,900 SF industrial warehouse on a 16.1-acre site in Columbus, GA.; Generating over $750,000 in annual net lease income with significant upside potential.; Excellent access to JR Allen Parkway, Manchester Expressway, and I-185.
    Request Owner's contact information
    3663 1St Ave Columbus, GA 31904
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    Columbus, GA 31904
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3663 1St Ave Columbus, GA 31904
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