Price
$ 995,000

2003-35 Ashley St, Valdosta, GA 31602  
  • 0 beds

2003-35 Ashley St, Valdosta, GA 31602  

Buy for income, resale, or redevelop this 1.63-acre trophy corner site for new retail. Signaled hard-corner, max visibility, busiest corner in town with 33,000/day traffic. Castle Park South strip center at NE corner Ashley, Park & Marion. Great steady income with 90-95% occupancy over many years. Strong 13.3% pro-forma cap rate; 2016 gross 127,860, net $103,627; 2017 PF gross $165,000, net $132,000. Three rented buildings, 14 spaces, 24,529 sf . Plat attached (Tracts 1 & 4). All leases 1 yr or less, for LL flexibility. 2016 taxes $17,777. Updated rent roll & P&L to follow. NOTE: "Castle Park North" in photos is not included. OWNER FINANCING AVAILABLE.

Read More
Listing Type
Vacant Land
Listing ID
111534
Bedrooms
0
Lot Size
1.63 acres
Listing Status
Active
County
Lowndes
Subdivision
Castle Park
Zoning
C-H
Taxes
17777.0
TaxYear
2016
Listing courtesy of FIRST COMMERCIAL REAL ESTATE
Houses for Sale Nearby