1259 3rd St Folkston, GA 31537-8901
This exceptional commercial property, located at 1259 Third Street in Folkston, Georgia, presents a unique investment opportunity. The building, formerly the Jackson-Mccoy Hospital and later utilized by the Charlton County Board of Education, boasts a substantial 11,000 square feet of space. Situated on a full city block in the heart of downtown Folkston, this property enjoys high visibility and accessibility, being directly on US Highway 1. The 0.96-acre lot offers ample room for expansion or future development. The building's history suggests a robust structure capable of accommodating a variety of commercial uses. Its size and central location make it ideal for a range of businesses, from retail and office spaces to potentially a mixed-use development. The property is priced at $319,900, representing a significant value for its size, location, and potential. This is a rare chance to acquire a substantial commercial property in a growing Georgia town. The building's substantial square footage provides flexibility for various business needs and future expansion. The property's prime location on a major highway ensures high visibility and accessibility for customers and employees. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price reflects the significant potential of this downtown Folkston landmark.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.