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Property profile & analytics

308 Mary St Waycross, GA 31501-3721

  • Office buildings
  • 24,500 SF
  • 0.31 lot acres
OFF-MARKET
Last Sale
Jul 06, 2023
$385,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US22-4496882
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Heritage Residential Realty / Real Estate Agency
  • The Crest Cafe & Shoppe / Department Store
  • kress Real Estate / Real Estate Agency

Property Details for 308 Mary St

Year built
1912
Lot size
0.31 lot acres
Property size
24,500 SF
Zone code
UNZONED URBAN
Property type
Office buildings
APN
WA10-02-039
APU
WA1002039

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Waycross
County
Ware
State
Georgia
Longitude
-82.3586
Latitude
31.2107
CBSA code
48180
CBSA name
WAYCROSS, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,051
$9,453
$78,805
$88,258
-
$23,632
$197,012
$220,644
More about this property
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