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Listed by Nick Propps • Statesboro Properties
$ 1,945,000
Est. payment | /mo
2.64 Acres Lot
$ 1,945,000
Est. payment | /mo
2.64 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision The Statesboro Herald Center
MLS Listing ID 10371205
Construction Status Resale
Year Built 1940
Annual Tax Amount $18,853
Tax Year 2023
Lot Size 2.640 Acres
Property Description
Amazing mixed use investment/redevelopment opportunity in downtown Statesboro! Located next door to the Statesboro Herald and Core Credit Union and walkable to all downtown dining, shops, City Hall and Courthouses. City bus line also serves the area. This former neighborhood shopping center fronts on three city streets and offers a unique mix of retail and industrial/flex space ranging from 2,550 sq. ft. up to 14,000 and units can be combined as needed. This large multi-parcel site is 6 parcels combined to provide approximately 2.64 acres and over 31,000 square feet under roof in the heart of Statesboro. Over 100 parking space with room for more. The flexibility this property offers makes it ideal for many business uses or redevelopment. Ideal for a rental venue, conference center, showroom etc. Property is equipped with loading docks and drive in doors with access for tractor trailers. 14-16 foot ceiling heights. Amazing open spans of 100' X 80' in the former grocery store space. Expansive glass window line for retail exposure and lots of natural light to the interior. Prior uses include an IGA grocery store, Sears, auto service, restaurant/bar, indoor golf, retail stores, restoration contractor with call center and office uses. Expansive parking area in front of the property along with additional parking and delivery access in the rear. Two additional adjacent buildable lots provide additional flexibility for parking or other development. Newer roof on a substantial portion of the property. The former bar space is sprinklered and could permit additional coverage to other areas. The configuration of the property allows multiple tenants/uses. Owner could occupy a portion of the property and rent the remainder or reconfigure for new development or develop a new concept on the property. Based on other recent area developments, this site could potentially have a new apartment complex with 225+ units and approximately 600 bedrooms with city approval. Individual portions of the property could be split and sold. Tremendous value to a new owner with the many flexible uses this property provides. The explosive growth in Statesboro and Bulloch County as a result of the new Hyundai Manufacturing Plant opens up even more possibilities for well positioned properties like this in Statesboro. Space dimensions are shown under photos and attached documents. Tours available for prequalified buyers. Site is in an Opportunity Zone and may qualify for Federal and State Tax Incentives. Additional incentives may be available from the City of Statesboro and the Downtown Statesboro Development Authority. Ask agent for further details.
Location
State GA
County Bulloch
Zoning CBD
Interior
Heating Other
Cooling Other
Exterior
Parking Features Parking Lot, Paved
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available
Building
Sewer Public Sewer
Construction Status Resale
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