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403 S Columbia Ave 8,400 SF 100% Leased Retail Building Rincon, GA 31326 $1,600,000 ($190.48/SF)
Investment Highlights
- Traffic counts 34,800 VPD
- Located on Highway 21 in the center of Rincon
Executive Summary
This neighborhood retail center investment opportunity is located on Highway 21 in the center of Rincon. Effingham County has seen signficant growth on the Highway 21 corridor with 34,800 VPD. The City of Rincon has seen a growth in population of over 9% since 2020.
The retail center consists of 8,400 square feet with 43 dedicated parking spaces. Rents are substantially below market rate giving this center an excellent opportunity for increased rates to boost revenues. This property is a dynamic value-add opportunity for investors/owners.
The retail center consists of 8,400 square feet with 43 dedicated parking spaces. Rents are substantially below market rate giving this center an excellent opportunity for increased rates to boost revenues. This property is a dynamic value-add opportunity for investors/owners.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,400 SF
Building Class
C
Year Built
2002
Price
$1,600,000
Price Per SF
$190.48
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.91 AC
Zoning
B-2 - Commercial Corridor Overlay District
Parking
43 Spaces (5.12 Spaces per 1,000 SF Leased)
Frontage
198’ on Columbia Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R2120-00000-004-A02 | Improvements Assessment | $182,206 |
| Land Assessment | $208,528 | Total Assessment | $390,734 |
Property Taxes
Parcel Number
R2120-00000-004-A02
Land Assessment
$208,528
Improvements Assessment
$182,206
Total Assessment
$390,734
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403 S Columbia Ave
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