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The Monarch - Cordele 2016 E 16th Ave 105 Unit Apartment Building $8,500,000 ($80,952/Unit) Cordele, GA 31015

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INVESTMENT HIGHLIGHTS

  • Conveniently located off I-75
  • Free Wi-Fi
  • Gazebo picnic area
  • Full kitchenette in each room
  • Access to coin laundry and facility
  • Large Restaurant area with lease possibility

EXECUTIVE SUMMARY

Rooms: 105
2 Stories
The Monarch in Cordele, Georgia is prominently located right off Interstate I-75, offering direct access to one of the state’s primary transportation corridors and excellent regional connectivity. The property is situated approximately 1 mile from Downtown Cordele, placing it near the city’s civic, cultural, and commercial core. Notable nearby landmarks include Crisp Regional Hospital, located just 1.2 miles away, and Georgia Veterans State Park at Lake Blackshear, a major recreational destination only 10 miles from the site. Retail and dining options are concentrated along 16th Avenue, less than a mile from the property, while the Cordele Historic District, featuring shops, restaurants, and cultural attractions, is just over 1 mile away. The property also benefits from proximity to Lake Blackshear Resort & Golf Club, about 12 miles away, and the SAM Shortline Excursion Train, which departs from Downtown Cordele. The nearest airport is Southwest Georgia Regional Airport in Albany, located approximately 44 miles southwest, offering regional and commercial flight service. With its strategic interstate frontage, closeness to downtown Cordele, and access to healthcare, recreation, and regional attractions, the property presents a compelling investment opportunity in a growing South Georgia market.
Location Highlights:
1. Interstate Access – Located directly off Interstate I-75, providing excellent regional connectivity through South Georgia.
2. Proximity to Downtown – Approximately 1 mile from Downtown Cordele, with access to the city’s civic, cultural, and commercial core.
3. Healthcare Access – Crisp Regional Hospital is located just 1.2 miles from the property.
4. Retail & Dining – Less than 1 mile from 16th Avenue, Cordele’s main commercial corridor with numerous shopping and dining options.
5. Recreational Attractions – About 10 miles to Georgia Veterans State Park at Lake Blackshear and 12 miles to Lake Blackshear Resort & Golf Club.
6. Cultural & Historic Sites – The Cordele Historic District is just over 1 mile away, and the SAM Shortline Excursion Train departs from Downtown Cordele.
7. Airport Access – Southwest Georgia Regional Airport in Albany is located approximately 44 miles southwest, offering regional and commercial flight service.
Cordele, Georgia, known as the "Gateway to South Georgia," is actively working on developments that can drive sales for local businesses. The city's strategy leverages its strategic location on major transportation routes, its Inland Port, and its agricultural and manufacturing roots.
Here are some of the key developments and initiatives that could drive sales:
Industrial and Logistics Growth: The Cordele Inland Port, a public-private partnership, is a major asset that enhances the city's logistics capabilities. The city and Crisp County are working to attract new industries to the area, which creates a demand for a wide range of business-to-business sales, including raw materials, supplies, and services.
New Commercial and Retail Development: While there aren't many details on large-scale, mixed-use projects at the moment, new businesses are choosing to locate in Cordele. For example, a new ALDI grocery store recently opened, which draws more customers to the area.
Downtown Revitalization: The city is focusing on improving its downtown core to attract more businesses and visitors. This includes supporting local entrepreneurs and working to make the downtown a more attractive place to shop and dine.
Please Do Not Call the Property or Onsite Staff about the Sale of the Property. Absentee Owner.

PROPERTY FACTS

Price $8,500,000
Price Per Unit $80,952
Sale Type Investment
No. Units 105
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 2.82 AC
Building Size 72,359 SF
No. Stories 2
Year Built 1965
Zoning COMMERCIAL

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Microwave
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Views

SITE AMENITIES

  • 24 Hour Access
  • Courtyard
  • Tenant Controlled HVAC
  • Maintenance on site
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 105 - 208

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
C39-003
Land Assessment
$429,660
Improvements Assessment
$619,578
Total Assessment
$1,049,238
  • Listing ID: 38404594

  • Date on Market: 11/11/2025

  • Last Updated:

  • Address: 2016 E 16th Ave, Cordele, GA 31015

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