2330 Memorial Dr Waycross, GA 31503
- Turn key restaurants
- 10,665 SF
- 1.94 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 2330 Memorial Dr
- Year built
- 2001
- Lot size
- 1.94 lot acres
- Property size
- 10,665 SF
- Zone code
- COMMERCIAL
- Property type
- Turn key restaurants
- APN
- WA24-09-007
- APU
- WA2409007
Description
This exceptional 0.9-acre commercial land parcel presents a remarkable investment opportunity in Waycross, Georgia. Located at 2330 Memorial Dr (US 23), this property boasts a highly desirable location within a thriving retail corridor, directly adjacent to a Lowe's store. The site benefits from excellent visibility and accessibility, featuring a dedicated turn lane with convenient ingress and egress onto Pafford Lake Rd. Daily traffic counts on Memorial Drive exceed 13,000 vehicles, ensuring significant exposure for any commercial development. Across Memorial Drive, a cluster of established retailers including Walmart, Five Below, Dollar Tree, Ross Dress for Less, and Bealls, further enhances the property's strategic position. The property is zoned for commercial use (APN: WA2409 007) and offers significant potential for a variety of commercial ventures. This is a rare opportunity to acquire a prime commercial lot in a high-traffic area with strong existing retail presence. The asking price is $1,250,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,600,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,380,000
- 6.5%
- $2,405,000
- 7%
- $2,440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,585,000
- Geo Method
- $2,990,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,430,000
- Retail
- $2,445,000
- Mixed-Use
- $2,610,000
- Hospitality
- $2,890,000
- Educational
- $2,750,000
- Residential Income
- $2,395,000
- Energy
- $2,860,000
- Income-Based Land
- $2,650,000
- Food Service
- $3,170,000
Location Insight
- Map
- Local Demand
- City
- Waycross
- County
- Ware
- State
- Georgia
- Longitude
- -82.3232
- Latitude
- 31.196
- CBSA code
- 48180
- CBSA name
- WAYCROSS, GA MICROPOLITAN STATISTICAL AREA
