1631 Warm Springs Rd Columbus, GA 31904
- Retail properties
- 2,744 SF
- 0.22 lot acres
Current Use by Public Records
- Unbank Bitcoin ATM / Atm
- A & M Food Mart / Convenience Store
Property Details for 1631 Warm Springs Rd
- Year built
- 1949
- Lot size
- 0.22 lot acres
- Property size
- 2,744 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This Columbus, GA, grocery store presents a compelling investment opportunity. Located at 1631 Warm Springs Road, this single-story, 2,744 square foot building sits on a 0.22-acre lot and is zoned NC. Built in 1949 and fully renovated in 2023, the property boasts 100% occupancy with a credit-rated tenant under a NNN lease commencing November 1, 2023, and expiring August 31, 2027. The current Net Operating Income (NOI) is $23,000, yielding a 7.69% cap rate. The asking price is $299,000. This prime retail location offers high visibility and consistent traffic, making it an ideal investment for those seeking a stable, income-producing asset in a thriving market. The property's spacious interior is well-suited for retail operations, featuring ample space for shelving, displays, and checkout counters. This is a single-unit, Class C institutional investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Muscogee
- State
- Georgia
- Longitude
- -84.9668
- Latitude
- 32.4926
