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    Property profile & analytics
    OFF-MARKET
    Office buildings

    308 Mary St, Waycross, GA 31501-3721

    24,500 SF 0.31 ac lot Built 1912
    Entity Owned Free & Clear
    Property ID
    US22-4496882
    Property summary
    AI-generated overview

    This exceptional Waycross commercial property at 308 Mary Street offers a compelling investment opportunity. The 24,500 square foot building currently houses two established tenants, The Crest Cafe and Wiley's Top Shelf, generating a substantial monthly rental income of $6,000. This income stream is complemented by an additional 12,000 square feet of readily available space upstairs, presenting significant potential for future lease agreements and increased revenue. The property sits on a 0.31-acre lot and boasts convenient access via three street entrances on Mary Street, Lott Street, and Alice Street. A spacious courtyard adds to the property's appeal and functionality. The building's size and location in the heart of Waycross make it an ideal investment for those seeking a strong return on investment in a thriving commercial area. The existing tenants provide a stable income base, while the substantial vacant space offers considerable upside potential for growth and expansion. This property presents a rare opportunity to acquire a well-situated, income-producing commercial building with significant room for future development. The combination of existing rental income and the potential for increased occupancy makes this a highly attractive investment prospect.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1912
    Total area 24,500 SF
    Lot 0.31 ac (13,504 SF)
    Zoning code UNZONED URBAN
    APN WA10-02-039
    UPID US22-4496882
    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
    • Heritage Residential Realty Real Estate Agency
    • The Crest Cafe & Shoppe Department Store
    • kress Real Estate Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Trinity Investment Properties LLC
    Trinity Investment Properties LLC
    since 2025
    Last sale
    $385,000
    3 recorded transactions
    2025
    $415,000
    2023
    $385,000
    2019
    Zoning & alternative use
    UNZONED URBAN · Waycross, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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