1559 Commerce Dr Valdosta, GA 31601-1207
- Retail space
- 3,180 SF
- 4.38 lot acres
Apr 23, 2024
Current Use by Public Records
- Retail space
Property Details for 1559 Commerce Dr
- Year built
- 1998
- Construction
- STEEL FRAME
- Lot size
- 4.38 lot acres
- Property size
- 3,180 SF
- Zone code
- M-2
- Property type
- Retail space
- APN
- 0123C-003
- APU
- 0123C003
Description
This Valdosta, GA retail property, located at 1559 Commerce Dr, 31601, is offered at $1,162,000. The 1998-built, M-2 zoned building serves as a regional service center for Atlanta Gas Light (a Southern Company subsidiary), its sole tenant since construction. The current lease, with a fixed monthly rent of $6,309.47, extends to June 30, 2028, and includes one five-year option. The property is considered a "mailbox lease," indicating a low-management, passive income stream. The building's strategic location in Lowndes County, coupled with the long-term lease and established tenant, presents a compelling investment opportunity in the thriving Valdosta market. This is a rare chance to acquire a stable, income-producing asset with a significant lease term remaining. The property's history as a build-to-suit for a major corporation underscores its quality and suitability for its current use. The building's functionality as a regional service center for a significant energy provider further enhances its long-term value and stability. This presents a strong investment opportunity for those seeking a low-maintenance, high-return retail property in a desirable Georgia location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,080,000
- ML approach
- $1,080,000
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Location Insight
- Map
- Local Demand
- City
- Valdosta
- County
- Lowndes
- State
- Georgia
- Longitude
- -83.2961
- Latitude
- 30.7987
- CBSA code
- 46660
- CBSA name
- VALDOSTA, GA METROPOLITAN STATISTICAL AREA
