3850 Forrest St Valdosta, GA 31602
This ±1.01-acre parcel presents a unique development opportunity in Valdosta, Georgia. Located at 3850 N Forrest St, this property boasts approximately 120 feet of road frontage within city limits. The R-P (Residential-Professional) zoning allows for a wide range of potential uses, making it highly versatile for investors and developers. City water is readily available on-site, with sewer lines conveniently located nearby. The property's strategic location offers excellent accessibility. Forrest Street serves as a major north-south connector in east Valdosta, linking downtown to Bemiss Road and Moody Air Force Base. Furthermore, Perimeter Road, a rapidly developing four-lane artery with median cuts, is only a tenth of a mile away, providing easy access to the rest of Valdosta-Lowndes County. The surrounding area is densely populated, with numerous amenities including a Family Dollar, USPS, Valdosta Cadillac-Nissan dealership, Bojangles, Friendly Express, Synovus Bank, schools, churches, and parks. This property's potential is further enhanced by the possibility of combining it with an adjacent ±7.42-acre tract (MLS #116298) located at the intersection of Perimeter Road and N Forrest Street, also currently available for purchase. This combined acreage would offer an even more significant development opportunity in this thriving area. The asking price for this 1.01-acre lot is $70,000. The property is situated in Lowndes County, Georgia, with a zip code of 31602.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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