701 Wayne St, Milledgeville, GA 31061-2887
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.
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Johnson Heating & Cooling Inc Hardware & Home Improvement HVAC Service
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Ladye's Barber Shop Barber Shop
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Reflexions Hair Hair Salon Nail Salon
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
RESIDENTIAL · Milledgeville, GAMilledgeville. Always verify with local authorities before improvements.
Costs & 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.