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Property profile & analytics
OFF-MARKET
Theaters & concert halls

216 Virginia N Ave Tifton, GA 31794-4261

17,574 SF Built 1992
Individually Owned Absentee Owner Free & Clear
Property ID
US22-2851397
Property summary
AI-generated overview

This exceptional 17,400-square-foot former movie theatre presents a unique investment opportunity at Tifton Mall in Tifton, Georgia. Located at 216 Virginia Ave N, 31794, this single-story, single-tenancy building boasts a highly visible location directly adjacent to a Publix-anchored center, consistently ranking in the 83rd percentile for Georgia. The property benefits from exceptional visibility from Interstate 75, ensuring high traffic exposure. The building's 17,400 square feet of vacant space offers significant potential for redevelopment or repurposing. The property shares convenient access with the Publix center, which draws an average of 105,000 customers monthly, providing a substantial built-in customer base. This prime retail location is surrounded by established national retailers including T.J. Maxx, Belk, Bealls, Ollie's Bargain Outlet, and Hibbett Sports, further enhancing its desirability and potential for success. The property's previous use as a six-screen movie theatre provides a unique architectural layout and ample space for creative adaptation. This is a rare chance to acquire a substantial retail space in a thriving commercial center with excellent visibility and high foot traffic. The property is move-in ready, offering immediate occupancy and the potential for rapid return on investment.

Property profile
Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1992
Construction FRAME
Total area 17,574 SF
APN T016-011
UPID US22-2851397
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
CARMIKE THEATRE
CARMIKE THEATRE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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