5005 14Th Ave Columbus, GA 31904
- Commercial real estate
- 4,981 SF
- 0.74 lot acres
Current Use by Public Records
- abad71camaro / Auto Parts Store
- ASA Performance / Auto Parts Store
Property Details for 5005 14Th Ave
- Year built
- 1978
- Construction
- STEEL FRAME
- Lot size
- 0.74 lot acres
- Property size
- 4,981 SF
- Property type
- Commercial real estate
- APN
- 032 001 003
- APU
- 32001003
Description
This exceptional Columbus, Georgia investment opportunity encompasses 20,339 square feet across five buildings situated on a 1.83-acre lot. The property, built in 1978 and zoned GC, features a mix of flex and warehouse space, currently housing five tenants under gross leases. The main building, at 7,663 square feet, includes warehouse space, a retail storefront, multiple roll-up doors, and an upstairs apartment with a kitchen and bathroom. A 4,800-square-foot body shop building offers an office area and six roll-up doors. A 1,750-square-foot corner building currently operates as a restaurant and grocery store. An additional 4,020-square-foot building combines office and warehouse space with multiple roll-up doors. Finally, two smaller storage buildings, totaling 2,506 square feet, provide further flexibility. The property boasts high visibility from Veterans Parkway, a large fenced gravel lot connecting most buildings with multiple gate access points, making it ideal for owner-users or investors. The asking price is $1,800,000 ($88.50/sq ft, $360,000/unit). This Class B property presents a unique opportunity to acquire a multi-tenant industrial complex in a desirable location. The property's diverse building configurations cater to a wide range of commercial needs, offering significant potential for future growth and income generation. Additional photos are available upon request.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $950,000
- 6.5%
- $875,000
- 7%
- $815,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $909,000
- AI Estimate
- $773,000
Market price range: $276k - $1.04MMarket price range: $257k - $789k
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Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Muscogee
- State
- Georgia
- Longitude
- -84.9706
- Latitude
- 32.5133
- CBSA code
- 17980
- CBSA name
- COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA