Property profile

120 W Oak St Mc Rae, GA 31055

FOR LEASE
Strip malls
Property ID
US22-3226240
7,685 SF 4.42 ac lot Built 1961
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Telfair Plaza, located at 120 W Oak St, McRae-Helena, GA 31055, presents a compelling investment opportunity in a thriving retail environment. This 12.73-acre property comprises four single-story buildings totaling 125,539 square feet, offering a variety of spaces to suit diverse business needs. Built in 1982 and renovated in 2000, the property features ample parking with 519 spaces. Currently, there are 8,400 square feet of vacant space available, divisible into units as small as 1,200 square feet and with a maximum contiguous space of 7,200 square feet. The property is zoned C3 and benefits from its location in the county seat, experiencing high traffic volume with over 8,000 vehicles passing daily. Telfair Plaza is anchored by Harvey's grocery, a national grocer, and is surrounded by a mix of local and national businesses, creating a vibrant and convenient shopping destination. This established center offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property's size and configuration provide flexibility for both single and multi-tenant occupancy.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1961
Construction CONCRETE
Total area 7,685 SF
Lot 4.42 ac (192,535 SF)
Zoning code RESIDENTIAL
APN MC0400 004
UPID US22-3226240

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

120 W Oak St Mc Rae, GA 31055
Mc Rae metro Census 950103
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.34M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.12M

Owner & transaction history

since 2022
Last sale
$5.7M
2 recorded transactions
2022
$5.7M
2022
$4.3M

Zoning & alternative use

RESIDENTIAL · Mc Rae Helena, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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