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600 Plant Ave Waycross, GA 31501

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For Sale
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Georgia Office Buildings, 9% Cap Rate

Property Features for 600 Plant Ave

General Information

Property type
Office Units
Class
B

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Listing Contact
Scott Wilson
Scott Wilson

Listing Agency: W Scott Wilson Properties Listing Agent: Scott Wilson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a portfolio of three stabilized Class B creative office buildings in Waycross, Georgia, totaling $3,100,000 asking price and boasting a 9.00% cap rate. The portfolio enjoys 100% occupancy with a strong NOI of $278,895. The buildings are situated at 600 Plant Ave, Waycross, GA 31501. One building, occupied by the Department of Labor for over 30 years, recently underwent significant renovations including a new roof, electrical upgrades, interior and exterior painting, and new HVAC units, totaling $200,000-$250,000 in improvements. Another tenant, Diversified Resources Inc., a privately-owned corporation providing services to disabled and older adults, has occupied their three buildings for over 15 years and recently agreed to a 5-year lease renewal starting October 1st, 2024. Barnes Health, a tenant for over 10 years, recently renewed their lease for two years with a two-year option, and Lincare, a long-term tenant (lease through 2025), occupies 1650 square feet. Waycross Liquidators extended their lease until September 30th, 2026. All buildings feature new awnings. This portfolio offers a diversified tenant base with long-term leases, making it an attractive and stable investment opportunity. The modified lease structure provides additional flexibility. This is a multi-tenant property with a proven track record of success.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Department of Labor City Employment Department Waycross Career Center, ... Employment Agency

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Waycross
County
Ware
State
Georgia
Longitude
-82.3559965
Latitude
31.2124603

FAQs

What type of property is this?
Office units - Georgia Office Buildings, 9% Cap Rate
Where is this office units located?
The property is located at 600 Plant Ave Waycross, GA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Three stabilized Class B creative office buildings in Waycross, GA, totaling $3,100,000 asking price with a 9.00% cap rate.; 100% occupancy with a strong NOI of $278,895.; Located at 600 Plant Ave, Waycross, GA 31501.
(478) 951-9460 Call to check price and availability
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