For Sale
$1,162,000

1559 Commerce DrValdosta, GA 31601

Prime Retail Building, Strong Lease

Overview

Added:
Dec 11, 2024
Days on market:
111
This Valdosta, GA retail property, located at 1559 Commerce Dr, 31601, is offered at $1,162,000. The 1998-built, M-2 zoned building serves as a regional service center for Atlanta Gas Light (a Southern Company subsidiary), its sole tenant since construction. The current lease, with a fixed monthly rent of $6,309.47, extends to June 30, 2028, and includes one five-year option. The property is considered a "mailbox lease," indicating a low-management, passive income stream. The building's strategic location in Lowndes County, coupled with the long-term lease and established tenant, presents a compelling investment opportunity in the thriving Valdosta market. This is a rare chance to acquire a stable, income-producing asset with a significant lease term remaining. The property's history as a build-to-suit for a major corporation underscores its quality and suitability for its current use. The building's functionality as a regional service center for a significant energy provider further enhances its long-term value and stability. This presents a strong investment opportunity for those seeking a low-maintenance, high-return retail property in a desirable Georgia location.

Highlights

  • $1,162,000 asking price for this retail property.
  • 5-year lease, expiring June 29, 2028, with one 5-year option.
  • 1998-built building located at 1559 Commerce Dr, Valdosta, GA 31601.
  • M-2 zoning.
  • Currently leased to Atlanta Gas Light (a Southern Company subsidiary) at a fixed monthly rent of $6,309.47.

Property Details for 1559 Commerce Dr

Property type
Retail properties
Year Built
1998

Location Insight

City
Valdosta
County
Lowndes
State
Georgia
Latitude
30.7988335
Longitude
-83.2966266
1559 Commerce Dr, Valdosta, Georgia

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1559 Commerce Dr
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