Technical
Financial
Distress signals
Property profile

4 Proctor St Statesboro, GA 30458

OFF-MARKET
Strip malls
Property ID
US22-2128558
14,000 SF 0.87 ac lot Built 1940
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 2.64-acre property in downtown Statesboro offers 14,000 square feet of versatile commercial space, ideal for redevelopment or multiple tenants. Located near key businesses and city amenities, this multi-parcel site boasts over 31,000 square feet under roof, including a former grocery store with impressive 100' x 80' open spans and expansive window lines. The property features over 100 parking spaces, loading docks, drive-in doors accommodating tractor-trailers, and 14-16 foot ceiling heights. Its flexible layout has accommodated various uses, including retail, industrial, and office spaces. Two adjacent buildable lots offer additional development potential. A substantial portion of the property has a newer roof, and the former bar area is sprinklered. The property's prime location in a designated Opportunity Zone may qualify for significant Federal and State tax incentives, with additional incentives potentially available from the City of Statesboro and the Downtown Statesboro Development Authority. The property's configuration allows for single or multiple occupancy, with potential for redevelopment into a large apartment complex (subject to city approval). Individual portions of the property are also available for sale. This presents a tremendous opportunity given Statesboro's explosive growth fueled by the new Hyundai Manufacturing Plant. Space dimensions are available upon request.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1940
Total area 14,000 SF
Lot 0.87 ac (37,897 SF)
Zoning code CBD
APN S18-059-000
UPID US22-2128558

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
  • Barber Shop

Location

4 Proctor St Statesboro, GA 30458-5313
Statesboro metro Census 110202 STATESBORO, GA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2025
Last sale
$1.5M
2 recorded transactions
2025
$1.5M
2016
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

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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