1.77 acres in Lowndes County, Georgia
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1.77 acres in Lowndes County, Georgia

2031-37 Bemiss Rd, Valdosta , Georgia 31602 - Lowndes County
$625,000 1.77 Acres
13456 Sq.Ft.
Property ID 5845001

Description

Superior traffic, visibility, existing income & potential outparcel (see photo) at Castle Park North retail strip at Bemiss Rd & Lakeland Ave. Great income and/or redevelopment site with 3 rented buildings, 1.778 acres & 800' frontage on Bemiss Rd, Lakeland Ave & Marion St. Just north of busiest corner in town at N Ashley St & E Park Ave. 33,000/day combined traffic. Current gross $74,640/yr, NOI $56,583, all leases short-term. 9.1% cap at list price, plus more value from corner outparcel to sell, ground lease or BTS. Includes Tax Parcels 0114C-203, 203A,164,165. Ice vending machine tenant pays ground rent. Adjacent strip to south sold Dec. 2017. See plat in Documents, Tracts 2&3. All cash - no owner financing.

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Scott Alderman
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