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Property profile & analytics
OFF-MARKET Estimated value $6,345,000
Motels

2631 Columbia St Milledgeville, GA 31061-7727

25,129 SF 7.39 ac lot Built 1989
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US22-2057477
Property summary
AI-generated overview

This exceptional 3.15-acre commercial land parcel presents a remarkable investment opportunity in Milledgeville, Georgia. Located at 2631 North Columbia St, this property is ideally situated within a thriving community and boasts a highly desirable Community Commercial zoning designation. The land is comprised of two conveniently sized outparcels, one measuring 1.8 acres and the other 1.35 acres, both of which are fully pad-ready, eliminating significant development hurdles and accelerating the timeline to occupancy. All essential utilities are readily available, simplifying the construction process and minimizing upfront costs. The level topography further enhances the site's suitability for a wide range of commercial developments. With a total asking price of $787,500, this translates to a land value of $250,000 per acre, representing a compelling price point for this prime location. The property's zoning and features make it exceptionally well-suited for retail establishments, office spaces, or restaurants, offering significant potential for strong returns on investment. This is a rare opportunity to acquire a strategically located, fully prepared commercial land parcel in a growing Georgia market. The address is 2631 North Columbia St, Milledgeville, GA 31061, in Baldwin County.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1989
Construction STEEL FRAME
Total area 25,129 SF
Lot 7.39 ac (321,908 SF)
Zoning code COMMERCIAL
APN 067 008
UPID US22-2057477
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
Current use
Occupant on record · Public records
  • Tesla Destination Charger Electric Vehicle Charging Station
  • Butler Ford, LLC Service Auto Repair Shop
  • Butler Ford, LLC Parts Auto Parts Store
  • Butler Ford Car Dealership
  • Butler Honda Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.70M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.35M
Owner & transaction history
Mayur Hospitality LLC · 4 yrs held
Mayur Hospitality LLC
since 2022
Last sale
$6.3M
4 recorded transactions
2022
$6.3M
2021
Price N/A
2017
Price N/A
2007
Price N/A
Zoning & alternative use
COMMERCIAL · Milledgeville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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