For Sale
Property summary
Invest in this exceptional mixed-use storefront property located at 206A S Dooly St, Montezuma, GA 31063. This 4,688 square foot, two-story building, built in 1955, sits on a 0.06-acre lot and offers significant potential for a variety of commercial uses. Currently zoned C1, the property allows for retail storefront, office/professional space, and public service operations. The building features two parking spaces. Currently leased to a long-term tenant (approximately 8 years remaining as of August 2024) for $600 per month, this presents a strong owner/user opportunity or a lucrative investment with a current rental income stream. The building is currently used for storage. The upstairs space has the potential for conversion into an apartment unit, subject to city council approval. This is a single-unit property with excellent storefront visibility in downtown Montezuma. The asking price is $75,000, translating to $16 per square foot. For those seeking additional space, the adjacent property at 208 S Dooly St is also available for purchase. This is a rare opportunity to acquire a well-located, versatile commercial property in a growing Georgia town.
Property profile
VerifiedCap rate & NOI
Current use
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Department Store
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(Bike/Boat/Book/etc) Store Cosmetic Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C · Montezuma, GAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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