Property profile

701 North Wayne St Milledgeville, GA 31061

FOR LEASE
Office buildings
Property ID
US22-3493590
3,064 SF 0.24 ac lot Built 1994
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 3,065 square foot multi-tenant retail and office complex located at 701 N Wayne St, Milledgeville, Georgia 31061. The property, built in 1994, sits on a 0.25-acre fenced lot and comprises three separate units within a single, one-story building. Currently, one unit is leased to a hair salon, while two units are vacant, offering immediate income potential and flexibility for future tenants. The vacant units present diverse possibilities, with one featuring a drive-in door, ideal for a service-based business such as an auto shop, contractor, or mechanic. The other vacant unit is suitable for retail or office use. This property benefits from its prime location, approximately 0.7 miles from Highway 441, Milledgeville's main retail corridor. Its proximity to Atrium Health Navicent Baldwin, Georgia College State University, and Georgia Military College ensures high visibility and accessibility. Nearby businesses include Beckham's Used Cars, Kinetic Connection, Giles Properties, and Fowler Flemister Concrete. The property is zoned Community Commercial, offering a variety of permitted uses. The asking price for this well-positioned, multi-tenant property is $200,000. This represents a strong investment opportunity with the potential for significant rental income from the vacant spaces.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1994
Construction WOOD
Total area 3,064 SF
Lot 0.24 ac (10,498 SF)
Zoning code RESIDENTIAL
APN M80 085
UPID US22-3493590

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
  • Hardware & Home Improvement HVAC Service
  • Barber Shop
  • Hair Salon Nail Salon

Location

701 North Wayne St Milledgeville, GA 31061
Milledgeville metro Census 970400 MILLEDGEVILLE, GA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2024
Last sale
$240,000
3 recorded transactions
2024
$240,000
2021
Price N/A
2021
Price N/A

Zoning & alternative use

RESIDENTIAL · Milledgeville, GA

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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