2316 Toombs St Valdosta, GA 31602
- Commercial real estate
- 0.69 lot acres
Current Use by Public Records
- The Roberson Home For Youth / Group Home
Property Details for 2316 Toombs St
- Year built
- 1961
- Lot size
- 0.69 lot acres
- Property type
- Commercial real estate
Description
This exceptional 0.69-acre property at 2316 N Toombs, Valdosta, GA, presents a unique investment opportunity. The substantial home, situated on a corner lot at the intersection of Gornto and Toombs Streets (between Oak and Patterson), boasts a solid construction and is ideally positioned near South Georgia Medical Center (SGMC) and other medical and professional offices. The property's transitional neighborhood exhibits a professional character, making it well-suited for conversion to commercial use. Recent upgrades include fresh interior paint, new ceiling fans, a new metal roof, and a 2018 5-ton heat pump split system, significantly enhancing its adaptability for office space. Currently generating a monthly rental income of $1,800 under a 30-day terminable lease, this property offers immediate cash flow and significant upside potential for future commercial development. Its strategic location and recent improvements make it an attractive proposition for investors seeking a high-yield return in a rapidly developing area. The property's size and location make it suitable for a variety of commercial uses, capitalizing on the growing demand for professional services in the vicinity of SGMC. The flexible lease terms allow for swift transition to a commercial operation. This is a rare opportunity to acquire a well-maintained property with strong income potential in a desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Valdosta
- County
- Lowndes
- State
- Georgia
- Longitude
- -83.29111
- Latitude
- 30.8601
