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Cynthia Walker

cynthia.walker@evatlanta.com +1(404) 840-3186

$ 1,595,000

Est. payment -/mo

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Active Under Contract

4 Proctor ST Statesboro, GA 30458

14,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial,Industrial,Mixed Use,Retail,Warehouse

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 14,000 sqft

Price per Sqft $113

MLS Listing ID 10371205

HOA Y/N No

Year Built 1940

Annual Tax Amount $18,853

Tax Year 2023

Lot Size 2.640 Acres

Acres 2.64

Lot Dimensions 2.64

Property Sub-Type Commercial,Industrial,Mixed Use,Retail,Warehouse

Source Georgia MLS 2

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

Fireplace No

Exterior

Parking Features Paved, Parking Lot

Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available

View Y/N No

Garage No

Private Pool No

Building

Lot Description City Lot, Semi Turning Available

Faces Corner of Proctor and N Walnut Street

Sewer Public Sewer

Water Public

Structure Type Brick,Concrete,Frame,Glass

New Construction No

Others

Tax ID S18 000059 000

Special Listing Condition Resale

Cynthia Walker

Real Estate Advisor

+1(404) 840-3186

Cynthia Walker

4 Proctor ST Statesboro, GA 30458

Key Details

Location

Interior

Exterior

Building

Others

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4 Proctor ST