182 Shop Rd Fitzgerald, GA 31750-8020
- Warehouses
- 26,818 SF
- 10.00 lot acres
Oct 06, 2020
Current Use by Public Records
- Pick Ur Parts LLC / Auto Parts Store
Property Details for 182 Shop Rd
- Year built
- 1906
- Lot size
- 10.00 lot acres
- Property size
- 26,818 SF
- Zone code
- RESIDENTIAL
- Property type
- Warehouses
- APN
- 5-8-64
- APU
- 5864
Description
This exceptional 26,818-square-foot industrial property in Fitzgerald, Georgia, presents a unique sale-leaseback opportunity. Located at 182 Shop Rd, 31750, this single-story, Class C building sits on a 10-acre lot and boasts a 45-foot ceiling height, ideal for various industrial uses. Built in 1906 and renovated in 1965, the property features two loading docks and one dock-high door, ensuring efficient operations. The building is zoned HI (Heavy Industrial) and benefits from its proximity to expressways, facilitating easy drop shipments. The property is currently under a net lease expiring December 31, 2029, with approximately 5.1 years remaining. The asking price is $2,500,000, translating to $93.22 per square foot. Its strategic location near CSX railway lines further enhances its logistical advantages. The property's potential for redevelopment in a thriving market with a strong demographic profile offers significant long-term value. The town of Fitzgerald hosts various community events, and the possibility of SPLOST funding for area improvements adds to the property's appeal. This presents a compelling investment opportunity for those seeking a sale-leaseback arrangement in a well-situated industrial location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $160,000
- ML approach
- $390,000
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Location Insight
- Map
- Local Demand
- City
- Fitzgerald
- County
- Ben Hill
- State
- Georgia
- Longitude
- -83.2814
- Latitude
- 31.7258
- CBSA code
- 22340
- CBSA name
- FITZGERALD, GA MICROPOLITAN STATISTICAL AREA
