1606 River St
Valdosta, GA 31601
Flex Property For Sale
Property Facts
Amenities
- Fenced Lot
- Security System
- Signage
- Yard
- Storage Space
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Water - City
- Sewer - Septic Field
- Heating - Electric
About 1606 RIVER ST , VALDOSTA, GA 31601
Multiple positives in this strategic investment opportunity with excellent tenant & tremendous upside 10.2% cap at full price. Solid building in mint condition, very strong location. Leased by Mobile Communications America (33 locations, www.callmc.com) at $3587.50/mo ($14.35/sf) modified gross for 3 yrs ending 9-30-20, with 2.5% annual bumps & two 1-yr options. LL OpEx: $2529 taxes, $1680 insurance, $1200 estimated M&R. Tenant owns the antenna tower & equipment bldg in back. Large 1.7-acre fenced lot for additional development. Sterling location on short connector between St Augustine Rd & Norman Dr, with Wal-Mart, Sams, Academy Sports, & other major retailers nearby. Easy access to I-75 Exits 18 & 16. Demand for this location will continue to grow. Inside City with City water, septic tank on site, City sewer nearby.
Property Taxes
| Parcel Number | 0086B-199 | Improvements Assessment | $63,361 |
| Land Assessment | $116,280 | Total Assessment | $179,641 |
Property Taxes
