206A S Dooly St Montezuma, GA 31063
For Sale
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.
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
C · Montezuma, GAMontezuma. Always verify with local authorities before improvements.
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.