Technical
Financial
Distress signals
Property profile

206 S Dooly St Montezuma, GA 31063

FOR SALE
Retail space
Property ID
US22-2881673
4,688 SF 0.06 ac lot Built 1955
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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206 S Dooly St, Montezuma, GA 31063 For Sale
$79,500 4,688 SF
206 S Dooly St, Montezuma, GA 31063
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Construction TYPE NOT SPECIFIED
Total area 4,688 SF
Lot 0.06 ac (2,614 SF)
Zoning code C
APN 4023-P-0005
UPID US22-2881673

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Department Store
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Location

206 S Dooly St Montezuma, GA 31063
Montezuma metro Census 400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$60k

Owner & transaction history

since 2024
Last sale
$40,000
2 recorded transactions
2024
Price N/A
2024
$40,000

Zoning & alternative use

C · Montezuma, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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