394 Broad St Milledgeville, GA 31062
This exceptional 3,000-square-foot medical office building presents a unique investment opportunity in Milledgeville, Georgia. Located at 394 Broad Street within the Renaissance Park Development, this property boasts a rich history, having been meticulously renovated in 2020 while retaining its original Craftsman-style charm. The building, constructed in 1945 and completely modernized in 2020, features two single-story structures situated on a 0.94-acre lot. The main building offers a thoughtfully designed layout including a welcoming lobby/reception area, a dedicated conference room, a convenient kitchen/breakroom, five private offices, and three restrooms. High ceilings and beautiful heart pine hardwood floors add to the building's character and appeal. Accessibility is ensured through ADA-compliant features. A separate storage building provides ample additional space. Security features include a monitored security system, video surveillance, and access control, ensuring peace of mind for occupants. Currently operating at 100% occupancy, this single-tenant property is zoned MU and offers a compelling return on investment at $105 per square foot, with an asking price of $315,000. The property's prime location and modern amenities make it an ideal investment for discerning buyers seeking a high-quality, fully renovated medical office building in a thriving community. The APN is 072001G3.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
4 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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