4327 Old Register Rd Statesboro, GA 30458-3467
- Auto shops
- 4,144 SF
- 0.86 lot acres
Current Use by Public Records
- Auto shops
Property Details for 4327 Old Register Rd
- Year built
- 1973
- Construction
- STONE
- Lot size
- 0.86 lot acres
- Property size
- 4,144 SF
- Zone code
- CR
- Property type
- Auto shops
- APN
- MS52 -029-000
- APU
- MS52029000
Description
This exceptional 1.26-acre commercial property in Statesboro, Georgia, presents a rare investment opportunity. Situated less than a mile from the new Tormenta FC Stadium and Publix, this location benefits from the burgeoning retail and residential development surrounding Georgia Southern University's campus. The property's strategic placement next to Monarch 301, a luxury 546-bedroom student housing high-rise, underscores its high-demand potential. Currently zoned MX, the property allows for diverse uses, including bars, restaurants, residential development, and more, as per City of Statesboro zoning regulations. The site encompasses two parcels and features two existing metal buildings with high ceilings and 3-phase power, totaling approximately 13,600 square feet. These buildings offer immediate income potential from existing leases, which can be terminated upon closing to facilitate redevelopment. The rear buildings comprise approximately 10,800 square feet of ground-floor space, plus two 2-bedroom and one 4-bedroom apartment units. The front building offers roughly 2,800 square feet of warehouse space and office area on the ground floor, with additional second-story storage. The property's convenient access from Old Register Road via three directions enhances its appeal. Adjacent land may be available for acquisition from other owners, presenting opportunities for larger-scale development. This unique property offers significant upside for investors seeking a prime location in a rapidly growing market. The asking price is $660,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $265,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $252,000
Market price range: $177k - $771k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $440,000
- OFFICE BUILDING
- $435,000
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Location Insight
- Map
- Local Demand
- City
- Statesboro
- County
- Bulloch
- State
- Georgia
- Longitude
- -81.7919
- Latitude
- 32.422
- CBSA code
- 44340
- CBSA name
- STATESBORO, GA MICROPOLITAN STATISTICAL AREA