Versatile Mixed-Use Property For
5005 14th Ave Columbus, GA 31904
5005 14th Ave, Columbus, GA, 31904
Contact for pricing
For Sale
Contact for pricing
Multiple buildings with retail, warehouse, office, and restaurant spaces.
Property Size20,339 SF
Lot Size0.47 Acres
Price / SF$68.83
Days on Market768
Property Features for 5005 14th Ave
General Information
- Standard status
- Active
- Size
- 20,339 SF
- Lot size
- 0.47 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1978
Listing Agency
SVN Fall Line Commercial Advisors
(706) 566-9135
Listed by
Franklin Harcourt · License #343941
Source
Crexi
Added: Jun 10, 2024 Checked: Jul 16 at 4:47 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Fall Line Commercial Advisors
Investment Insights
Based on property information with market context.
This mixed-use property is located in a prime spot with high visibility from Veterans Parkway. It features multiple parcels and buildings, designed with functionality and security in mind. A large gravel lot connects most of the buildings and is fenced in with multiple gate access points. The property includes a main building spanning 7,663 square feet, comprising warehouse space with a retail storefront, multiple drive-in roll-up doors, and a spacious upstairs apartment equipped with a kitchen and full bathroom. A body shop offers 4,800 square feet of space, including an office area and 6 roll-up doors. A corner building, currently operating as a restaurant and grocery store, measures 1,750 square feet. An office warehouse provides 4,020 square feet of space, combining office and warehouse facilities with several roll-up doors. Two additional storage buildings, measuring 756 and 1,750 square feet respectively, also feature roll-up doors. The property is suitable for an owner-user or investor looking to maximize the potential of the space, catering to different business needs.
Key Highlights
- Prime location with high visibility on Veterans Parkway.
- Multiple buildings totaling over 20,000 sq ft suitable for diverse commercial uses.
- Large, fenced gravel lot connecting buildings with multiple gate access points.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.1k | $6.84 |
| − Vacancy | −$9.9k | −$0.49 |
| EGI | $129.2k | $6.35 |
| − OpEx | −$19.4k | −$0.95 |
| NOI | $109.9k | $5.40 |
20,339 SF · lease $6.84/SF/yr · vacancy 7.10% · expense 15.00%
Alternative Uses
Best Use
Specialty Retail
$3.79M
$3.32M – $4.42M
NOI $265,439 @ 7.0% cap · market cap 18.96%
Second Best
Retail
$3.54M
$3.10M – $4.13M
NOI $247,743 @ 7.0% cap · market cap 17.70%
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,561 @ 7.0% cap · market cap 22.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
abad71camaro
Auto Parts Store
ASA Performance
Auto Parts Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Multiple buildings with retail, warehouse, office, and restaurant spaces.
Where is this mixed-use property located?
The property is located at 5005 14th Ave Columbus, GA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime location with high visibility on Veterans Parkway.; Multiple buildings totaling over 20,000 sq ft suitable for diverse commercial uses.; Large, fenced gravel lot connecting buildings with multiple gate access points.
