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Property profile & analytics
OFF-MARKET
Drive through restaurants

1912 Memorial Dr Waycross, GA 31501-1003

2,267 SF Built 1994
Individually Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US22-2092232
Property summary
AI-generated overview

Waycross Plaza presents a prime retail investment opportunity in a high-traffic location. This single-story, 51,548 square foot neighborhood center boasts ample parking and offers multiple spaces for lease, ranging from 2,673 to 41,066 contiguous square feet. Currently, a significant portion of the center, totaling 41,066 square feet, is available for lease. This includes a prominent 35,200 square foot space ideal for office or retail use, with the potential to add an additional 5,866 square feet for enhanced visibility and street frontage. Additionally, a 3,193 square foot space perfect for a restaurant will become available January 1, 2025. The property enjoys exceptional visibility on the south side of Jacksonville Highway and benefits from its convenient proximity to the Mall at Waycross, the only anchored shopping mall within a 50-mile radius, ensuring high foot traffic and strong potential for customer draw. The center comprises three total suites within a single building. This presents a unique chance to establish a significant presence in a thriving retail market. The property's strategic location and substantial available space make it an attractive proposition for businesses seeking a prominent and accessible location.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1994
Construction CONCRETE
Total area 2,267 SF
Zoning code COMMERCIAL
APN WA24-01-024-T
UPID US22-2092232
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Surcheros - Waycross, GA Restaurant
  • Bone & Joint Institute of South Georgia (Waycross Office) Physician
  • Bone & Joint Institute Physical Therapy (Waycross Clinic) Medical Clinic
  • ATM Atm
  • Dr. Thomas Loumeau Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Waycross & Ware Cnty Dev Autho · 7 yrs held
Waycross & Ware Cnty Dev Autho
since 2019
3 recorded transactions
2019
Price N/A
2018
Price N/A
1969
Price N/A
Zoning & alternative use
COMMERCIAL · Waycross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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