Technical
Financial
Distress signals
Property profile

35 Main St Statesboro, GA 30458

OFF-MARKET
Retail space
Property ID
US22-2123177
5,180 SF 0.14 ac lot Built 1920
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-tenant office space, located at 35-1 East Main Street in the heart of Downtown Statesboro, is now available for lease, starting December 15th, 2024. Unit #1 offers 200-400 square feet of beautifully updated space, perfect for a small business or individual professional. Recent renovations include fresh paint and new flooring, creating a modern and inviting atmosphere. Enjoy the benefits of a private entry and exit, along with abundant natural light from a large window. The monthly rent of $750 includes electricity and water, providing significant cost savings. Shared amenities include a restroom, kitchenette, and a dedicated reception area. Ample parking is available for your convenience. This prime location places you within walking distance of numerous local coffee shops, restaurants, and other downtown businesses, fostering a vibrant and connected work environment. Two additional office spaces are also available for lease at a reduced monthly rate of $500. This is a rare opportunity to secure a desirable office space in a thriving downtown setting. Don't miss out on this chance to establish your business in the heart of Statesboro.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Total area 5,180 SF
Lot 0.14 ac (6,098 SF)
Zoning code CBD
APN S28-038-000
UPID US22-2123177

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Barber Shop
  • IT Consulting Firm (Bike/Boat/Book/etc) Store
  • Hair Salon Nail Salon

Location

35 Main St Statesboro, GA 30458-1374
Statesboro metro Census 110602 STATESBORO, GA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
$600k
Blend (final) Blend
$515k

Owner & transaction history

since 2024
Last sale
$515,000
4 recorded transactions
2024
$515,000
2006
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CBD · Statesboro, GA
Zoning description

The purpose of the CBD district is to provide for the orderly development of a major business and commerce area of the city in accordance with the objectives, policies, and proposals of the comprehensive plan

General category COMMERCIAL
Top alternative use upside
Restaurant $835,000 +43.7%
Commercial (general) $675,000 +16.4%
Office building $655,000 +13.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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