1705 Norman Dr | Valdosta, GA 31601
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1705 Norman Dr
Valdosta, GA 31601
Promenade Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located directly across the street from the Valdosta Mall, an indoor mall totaling over 500,000 square feet.
- With average tenancy lasting more than 16 years and the average rental rate being just over $8.00 per square-foot, substantial upside is available.
- Major Employers in Valdosta are all essential businesses including Moody Air Force Base, South Georgia Medical Center, and Valdosta State University.
- Outparcels (NIC) to Promenade Plaza include McDonalds, Panera Bread, Sonny’s BBQ, Mori Japanese Steakhouse.
- The immediate submarket has seen an average occupancy rate of over 96 percent during the last 5-years.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
64,523 SF
Building Class
B
Year Built
1982
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.31
Lot Size
4.85 AC
Zoning
C4 - Commercial
Parking
252 Spaces (4.23 Spaces per 1,000 SF Leased)
Frontage
176’ on Norman Dr
AMENITIES
- Dedicated Turn Lane
PROPERTY TAXES
| Parcel Number | 0084A-048 | Improvements Assessment | $788,522 |
| Land Assessment | $960,300 | Total Assessment | $1,748,822 |
PROPERTY TAXES
Parcel Number
0084A-048
Land Assessment
$960,300
Improvements Assessment
$788,522
Total Assessment
$1,748,822
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