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500 Columbia St - 1.33 Acre Downtown Development Tract 1.33 Acres of Commercial Land Offered at $1,200,000 in Milledgeville, GA 31061
Investment Highlights
- Proximity to Downtown Milledgeville and Georgia College & State University
- Potential uses include student housing, market-rate multifamily, townhomes, and more
- Existing utilities, visibility, and established access
- Potential yield of 6-14 multifamily units per acre
Executive Summary
Property consists of approximately 1.33 acres improved with an existing church facility. Although currently used as a church, the property's highest and best use appears to be adaptive reuse or residential redevelopment. Its proximity to Downtown Milledgeville and Georgia College & State University, coupled with existing utilities, visibility, and established access, positions it as one of the strongest remaining infill redevelopment opportunities in the local market.
The property benefits from frontage on North Columbia Street, existing parking, mature infrastructure, and surrounding institutional, commercial, and residential development. Potential uses include student housing, market-rate multifamily, townhomes, or continued institutional occupancy.
The property benefits from frontage on North Columbia Street, existing parking, mature infrastructure, and surrounding institutional, commercial, and residential development. Potential uses include student housing, market-rate multifamily, townhomes, or continued institutional occupancy.
Property Facts
| Price | $1,200,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 1.33 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | Multifamily Residential - Currently zoned as Multifamily Residential | ||
| Price | $1,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.33 AC |
| Opportunity Zone |
Yes |
| Zoning | Multifamily Residential - Currently zoned as Multifamily Residential |
1 Lot Available
Lot
| Price | $1,200,000 | Lot Size | 1.33 AC |
| Price Per AC | $902,255.64 |
| Price | $1,200,000 |
| Price Per AC | $902,255.64 |
| Lot Size | 1.33 AC |
1.33 acres improved with an existing church facility. Potential multifamily yield of 6-14 Units/Acre.
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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