116 Patterson St, Unit A Valdosta, GA 31601
- Investment properties
- 3,408 SF
- 0.04 lot acres
Current Use by Public Records
- MERLE NORMAN COSMETICS STUDIO / Beauty Supply Store / Make-Up Artist
- Howe.Law Injury & Accident Lawyers / Personal Injury Attorney / Law Firm
Property Details for 116 Patterson St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.04 lot acres
- Property size
- 3,408 SF
- Zone code
- C-D
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 0120A-138
- APU
- 0120A138
Description
This exceptional 3,408-square-foot commercial property, located at 116 N Patterson Street in Valdosta, Georgia (31601), presents a unique opportunity for businesses seeking a prominent downtown location. The building, classified as Class B and renovated in 2008, features two suites across two stories. Currently, the entire 3,408 square feet is vacant and available for lease, offering flexibility for a single tenant or potential division into smaller spaces (minimum 1,800 sq ft). The space boasts a versatile layout suitable for various uses, including executive, traditional, creative offices, or even coworking spaces. The property benefits from high visibility on busy Patterson Street, yet offers convenient access to the ample public parking in the Toombs Street lot at the rear. The building includes mid-level storage and a private bathroom. The property features 80 total parking spaces and is served by Georgia Power. Zoned for Downtown Commercial use (APN: 0120A-138), this property offers a compelling combination of location, size, and adaptability. Annual property taxes are $0.83 per square foot. There are no elevators. This is an ideal space for businesses seeking a high-traffic location in the heart of Downtown Valdosta.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $225,000
- 7%
- $250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $210,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $190,000
- Mixed-Use
- $270,000
- Hospitality
- $200,000
- Educational
- $265,000
- Residential Income
- $225,000
- Energy
- $250,000
- Income-Based Land
- $220,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Valdosta
- County
- Lowndes
- State
- Georgia
- Longitude
- -83.2794
- Latitude
- 30.8312
- CBSA code
- 46660
- CBSA name
- VALDOSTA, GA METROPOLITAN STATISTICAL AREA