102 Laurel St Springfield, GA 31329-6851
- Retail space
- 3,600 SF
- 0.07 lot acres
Current Use by Public Records
- Retail space
Property Details for 102 Laurel St
- Year built
- 1908
- Construction
- WOOD
- Lot size
- 0.07 lot acres
- Property size
- 3,600 SF
- Zone code
- B-2
- Property type
- Retail space
- APN
- S1020032
- APU
- S1020032
Description
This exceptional 1,922 square foot creative office space, located at 102 N Laurel St, Springfield, GA 31329, is situated in the historic Mingledorff Building. Built in 1908 and renovated in 2021, this single-tenant space boasts three large double display windows, ideal for showcasing products or services. The interior features beautifully designed bathrooms and original shelving from the building's mercantile past, adding unique character. The property sits on a 0.07-acre lot and includes 8 parking spaces. The building is a two-story Class B structure with a total of 3,600 square feet. Utilities such as electricity are the tenant's responsibility, along with any buildout costs and general liability insurance. The original hardwood floors and shelving are a key feature and must remain unaltered, except for normal wear and tear. The property is zoned B-2 and is conveniently located near E 1st Street in the Springfield submarket of Effingham County. The space is available for lease starting January 1st, 2025. This property offers a unique blend of historic charm and modern functionality, making it an ideal location for a variety of businesses. The building features 3-phase power.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $200,000
- 6.5%
- $235,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $215,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $190,000
- Mixed-Use
- $240,000
- Hospitality
- $195,000
- Educational
- $180,000
- Residential Income
- $185,000
- Energy
- $215,000
- Income-Based Land
- $205,000
- Food Service
- $205,000
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Effingham
- State
- Georgia
- Longitude
- -81.3114
- Latitude
- 32.3683
- CBSA code
- 42340
- CBSA name
- SAVANNAH, GA METROPOLITAN STATISTICAL AREA