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    10 Cherry St Statesboro, GA 30458

    For Sale
    $275,000

    0.46-acre lot, prime location, great potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.46-acre commercial and industrial land parcel is strategically located at 10 E Cherry St in downtown Statesboro, Georgia (zip code 30458). The property, identified by APN S29 000024 000, is offered at an asking price of $275,000 and is held in fee simple ownership. Currently zoned LI (Light Industrial), this site boasts existing improvements including a 456 square foot office space and a 650 square foot shed/utility building. City utilities are readily available. Its prime location within the Downtown Statesboro Incentive District and its designation as a Federal Opportunity Zone present significant tax advantages and development opportunities. This infill development site benefits from existing urban infrastructure, making it ideal for a variety of commercial and industrial uses. The property sits on the "Blue Mile," further enhancing its desirability and potential for growth. This is a rare opportunity to acquire a well-situated, versatile property in a thriving downtown area.

    Property Features for 10 Cherry St

    General Information

    Property type
    Land
    Lot Size
    20,038 SF

    HighLights

    • Light Industrial Zoning.
    • Blue Mile location.
    • Situated in a Federal Opportunity Zone.
    • City utilities available on‑site.
    • Within the Downtown Statesboro Incentive District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Statesboro
    County
    Bulloch
    State
    Georgia
    Longitude
    -81.782119728859
    Latitude
    32.446917472235

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    FAQs

    What type of property is this?
    Land - 0.46-acre lot, prime location, great potential.
    Where is this land located?
    The property is located at 10 Cherry St Statesboro, GA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Light Industrial Zoning.; Blue Mile location.; Situated in a Federal Opportunity Zone.
    Request Owner's contact information
    10 Cherry St Statesboro, GA 30458
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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
    10 Cherry St Statesboro, GA 30458
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