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    394 Broad St Milledgeville, GA 31062

    For Sale
    $315,000

    Prime Medical Office, Fully Renovated, 3,000 SF

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3,000-square-foot medical office building presents a unique investment opportunity in Milledgeville, Georgia. Located at 394 Broad Street within the Renaissance Park Development, this property boasts a rich history, having been meticulously renovated in 2020 while retaining its original Craftsman-style charm. The building, constructed in 1945 and completely modernized in 2020, features two single-story structures situated on a 0.94-acre lot. The main building offers a thoughtfully designed layout including a welcoming lobby/reception area, a dedicated conference room, a convenient kitchen/breakroom, five private offices, and three restrooms. High ceilings and beautiful heart pine hardwood floors add to the building's character and appeal. Accessibility is ensured through ADA-compliant features. A separate storage building provides ample additional space. Security features include a monitored security system, video surveillance, and access control, ensuring peace of mind for occupants. Currently operating at 100% occupancy, this single-tenant property is zoned MU and offers a compelling return on investment at $105 per square foot, with an asking price of $315,000. The property's prime location and modern amenities make it an ideal investment for discerning buyers seeking a high-quality, fully renovated medical office building in a thriving community. The APN is 072001G3.

    Property Features for 394 Broad St

    General Information

    Property type
    Medical offices
    Square Feet
    3,000 SF
    Class
    C
    Lot Size
    40,946 SF

    Building Details

    Year Built/Renovated
    1945/2020
    Buildings
    2
    Stories
    1

    HighLights

    • Exceptional 3,000 SF medical office building in Milledgeville, GA.
    • Fully renovated in 2020, retaining Craftsman‑style charm.
    • Two single‑story buildings on a 0.94‑acre lot, zoned MU.
    • Features five private offices, conference room, kitchen, and three restrooms.
    • 100% occupancy, asking price $315,000 ($105/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Milledgeville
    County
    Baldwin
    State
    Georgia
    Longitude
    -83.2188563
    Latitude
    33.0510313

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, Fully Renovated, 3,000 SF
    Where is this medical office located?
    The property is located at 394 Broad St Milledgeville, GA.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: Exceptional 3,000 SF medical office building in Milledgeville, GA.; Fully renovated in 2020, retaining Craftsman-style charm.; Two single-story buildings on a 0.94-acre lot, zoned MU.
    Request Owner's contact information
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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
    394 Broad St Milledgeville, GA 31062
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