608 Alice St Waycross, GA 31501-4718
This exceptional commercial property, located at 608 Alice St in Waycross, Georgia, presents a unique investment opportunity. The 5,892 square foot building, situated on a 0.26-acre lot, boasts a prime location at the corner of Carswell Ave and Alice St, ensuring high visibility and traffic. Recently renovated in 2024, this two-story building features a new roof, electrical system, and drywall, along with abundant storage space and a convenient loading dock. The interior showcases original exposed brick, adding to its historical charm. Currently vacant, this property is zoned C-2, allowing for a variety of commercial uses. Built in 1952, the building has been meticulously updated to meet current city codes, minimizing any potential renovation costs. The asking price is $269,000, translating to $45.66 per square foot. This represents a compelling opportunity to acquire a well-maintained, historically significant commercial space in a thriving downtown area. The property's versatile layout, combined with its excellent location and recent renovations, makes it ideal for a variety of businesses seeking a prominent presence in Waycross.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
COMMERCIAL · Waycross, GACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.