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    723 Main St Statesboro, GA 30458

    Sponsored
    For Sale
    $450,000

    High-traffic location, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.73-acre commercial lot presents a unique investment opportunity in the thriving city of Statesboro, Georgia. Located at 723 S Main Street, this property boasts an unparalleled location directly across from Georgia Southern University, a major university with over 25,000 students. The high-traffic area, situated on Highway 301 S/S Main Street, ensures significant daily visibility with an estimated 20,000+ vehicles passing by. This translates to exceptional exposure for any business development. The lot has already been cleared and is equipped with city water and sewer connections, simplifying the development process. Its strategic position across from Georgia Southern University's Old Register Road/Forest Drive entrance, adjacent to upscale high-density student apartments, and next to a high-end shopping center, guarantees a robust customer base and strong potential for rental income. The asking price for this prime commercial property is $450,000. This is a rare chance to capitalize on the vibrant energy and growth of Statesboro's "Blue Mile" and the substantial student population of Georgia Southern University. Serious inquiries are encouraged.

    Property Features for 723 Main St

    General Information

    Property type
    Distribution properties
    Lot Size
    31,799 SF

    HighLights

    • $450,000 asking price.
    • 0.73‑acre lot.
    • Industrial land zoned for commercial use.
    • Located in Statesboro, GA, at 723 S Main St, across from Georgia Southern University.
    • High‑traffic location on Hwy 301 S/S Main Street, with over 20,000 vehicles passing daily.
    • City water and sewer available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Military Science Dpartment Academic Department

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Statesboro
    County
    Bulloch
    State
    Georgia
    Longitude
    -81.790694
    Latitude
    32.4252894

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    FAQs

    What type of property is this?
    Distribution property - High-traffic location, prime development opportunity.
    Where is this distribution property located?
    The property is located at 723 Main St Statesboro, GA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price.; 0.73-acre lot.; Industrial land zoned for commercial use.
    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
    723 Main St Statesboro, GA 30458
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