217 Ashley StValdosta, GA 31601

This exceptional three-story executive office building, located at 217 N Ashley Street in Valdosta, Georgia, presents a compelling investment opportunity. Boasting 11,340 square feet on a 0.09-acre lot, this property is currently 95% occupied, generating a gross income of $86,000 in 2021. The building features updated restrooms, floors, windows, and paint, reflecting recent renovations. Amenities include a coded rear entry, an elevator servicing all three floors, and his-and-her restrooms on each floor. The building is zoned C-D and offers 20 parking spaces. The current owner provides electricity, janitorial services, Wi-Fi, and water. A wet sprinkler system is in place for enhanced safety. The building's current gross income is below market rent, presenting a significant opportunity to increase rental revenue by 10-15%. With an 8% cap rate based on a 30% operating expense factor, this property offers strong potential for substantial returns. The first floor is occupied by a single tenant, while the remaining floors house individual offices suitable for small businesses. This prime Valdosta location, within the historic downtown area, ensures high visibility and accessibility.