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    OFF-MARKET
    Office buildings

    701 Wayne St, Milledgeville, GA 31061-2887

    3,064 SF 0.24 ac lot Built 1994
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US22-3493590
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Johnson Heating & Cooling Inc Hardware & Home Improvement HVAC Service
    • Ladye's Barber Shop Barber Shop
    • Reflexions Hair Hair Salon Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Ak Developments Group LLC · 1 yrs held
    Ak Developments Group LLC
    since 2024
    Last sale
    $240,000
    3 recorded transactions
    2024
    $240,000
    2021
    2021
    Zoning & alternative use
    RESIDENTIAL · Milledgeville, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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