1614 Shotwell St Bainbridge, GA 39819
- Retail space
- 41,829 SF
- 5.63 lot acres
Current Use by Public Records
- American Self Storage / Storage Facility
- Brock Rentals / Apartment Building
Property Details for 1614 Shotwell St
- Year built
- 1980
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 5.63 lot acres
- Property size
- 41,829 SF
- Property type
- Retail space
- APN
- B0680-001-B00
- APU
- B0680001B00
Description
This exceptional 5.63-acre commercial property in Bainbridge, Georgia, presents a lucrative investment opportunity. Located at 1614 Shotwell St, in Decatur County, zip code 39819 (30.9037213, -84.5504764), the property boasts a substantial 22,000 square foot climate-controlled storage facility currently operating at 98% occupancy. The facility comprises 144 individual storage units and includes 1,260 square feet of hallways and entryways. An additional 9,000 square feet of office space is also included within the existing structure. The property's current configuration offers immediate income generation, while the remaining acreage provides significant potential for future development. Phase II plans include an additional 8,200 square feet of climate-controlled storage, leveraging the existing infrastructure and expanding the facility's capacity. The asking price for this turnkey operation is $3,400,000. This property is ideal for investors seeking a strong return on investment in a thriving Georgia market. The existing facility's high occupancy rate demonstrates the strong demand for climate-controlled storage in the area, making this a compelling opportunity for growth and expansion.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $800,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $605,000
- 6.5%
- $585,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $570,000
- Geo Method
- $595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $530,000
- Retail
- $605,000
- Mixed-Use
- $490,000
- Hospitality
- $510,000
- Educational
- $660,000
- Residential Income
- $475,000
- Energy
- $580,000
- Income-Based Land
- $655,000
- Food Service
- $615,000
Location Insight
- Map
- Local Demand
- City
- Bainbridge
- County
- Decatur
- State
- Georgia
- Longitude
- -84.5488
- Latitude
- 30.9028
- CBSA code
- 12460
- CBSA name
- BAINBRIDGE, GA MICROPOLITAN STATISTICAL AREA