Property profile

355 Allen Memorial Dr Milledgeville, GA 31061

FOR SALE
Grocery and convenience stores
Property ID
US22-2508268
9,050 SF 1.49 ac lot Built 1977
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.43-acre commercial land parcel presents a unique investment opportunity in Milledgeville, Georgia. Strategically located adjacent to a brand-new Family Dollar store, this property enjoys high visibility on a major thoroughfare leading into the city. Its convenient location is just 1.2 miles from Baldwin High School, ensuring a strong potential customer base. All essential public utilities are readily available, simplifying development plans. The property is zoned C-1 by the City of Milledgeville, allowing for a variety of commercial uses. This versatile offering provides flexibility with options for outright sale, ground lease, or build-to-suit arrangements to accommodate specific business needs. The parcel number is M14 060A. This prime location, coupled with the available utilities and flexible ownership options, makes this an ideal site for businesses seeking high visibility and convenient access to a thriving community. Don't miss this chance to secure a prominent position in a growing market. Contact us today to explore the possibilities and discuss your development vision for this exceptional property.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1977
Construction STEEL FRAME
Total area 9,050 SF
Lot 1.49 ac (64,904 SF)
Zoning code RESIDENTIAL
APN M14 060
UPID US22-2508268

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
  • (Bike/Boat/Book/etc) Store Arcade & Gaming Center

Location

355 Allen Memorial Dr Milledgeville, GA 31061
Milledgeville metro Census 970600 MILLEDGEVILLE, GA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$895k
CAP Approach CAP
by Request
Comparable Approach Comparable
$788k
Blend (final) Blend
$855k

Owner & transaction history

since 2021
Last sale
$880,000
3 recorded transactions
2021
Price N/A
2021
$880,000
2018
$219,000

Zoning & alternative use

RESIDENTIAL · Milledgeville, GA

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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