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    135 Wayne St Milledgeville, GA 31061

    Sponsored
    For Sale
    $465,000

    Prime location, 3,450 SF, high potential

    Property size:
    3,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,450 square foot retail property, located at 135 South Wayne Street in historic downtown Milledgeville, Georgia, presents a unique investment opportunity. Built in 1900, this two-story building boasts a spacious 2,450 square foot street-level storefront, ideal for a variety of uses including a restaurant, bar, or retail establishment. A 1,000 square foot unfurnished loft space with hardwood floors offers significant expansion potential, possibly for residential conversion. A full basement provides ample storage. The property is zoned PDE and sits on a 0.06-acre lot. Recent upgrades include LED lighting, refinished floors, new paint, roof repairs, a new grease trap, a new freezer, and a new POS system with software. Further improvements, such as adding ground-level windows and outdoor access, or installing an elevator for loft access, are possible. This property enjoys a prime location in the heart of downtown Milledgeville, just minutes from North Columbia Street, the city's main retail corridor. The area is rich with nearby amenities, including City Hall, the Baldwin County Courthouse, and numerous restaurants, retailers, and professional offices. The asking price is $465,000, translating to $134.78 per square foot. This represents a compelling opportunity to acquire a well-maintained, versatile property in a thriving downtown setting.

    Property Features for 135 Wayne St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,450 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    All American Porta ... Portable Toilet Supplier Coasties Bakery Bakery

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Milledgeville
    County
    Baldwin
    State
    Georgia
    Longitude
    -83.226854034939
    Latitude
    33.080202534352

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, 3,450 SF, high potential
    Where is this individual retail property located?
    The property is located at 135 Wayne St Milledgeville, GA.
    What is the asking price?
    The asking price for this property is $465,000.
    Request Owner's contact information
    135 Wayne St Milledgeville, GA 31061
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    Milledgeville, GA 31061
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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
    135 Wayne St Milledgeville, GA 31061
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