Listing

3311 N N Valdosta Road
Valdosta, GA MLS: 135801

Source: South Georgia MLS
Listing Last Updated: 02-01-2024 02:02
IDX Listing Data Update Time: 02-02-2024 12:02

Property Description:

Excellent commercial investment opportunity for turnkey income as soon as you close. This office location is top-notch, unmatched and right in the heart of the highest growing Valdosta business sub-market just north of "5 Points" landmark. So much visibility here with 34,000 average daily traffic (GDOT 2022 data) at the intersection of North Valdosta and Inner Perimeter Roads just 300' to the east of this site. Even with all the traffic, this office has easy in and out with shared driveway / parking / water retention for numerous businesses all with direct access to N Valdosta Road. Layout is 30'x50' open concept with small reception and conference room up front, bullpen / cubicle area is majority of the space in the middle, work / storage room and single bathroom in back. Current tenant is Clearwave Fiber - a fiberoptic communications operation leasing here since 2017. 7.61% cap rate for modified gross lease through 08/2024 with one (2) year option and rent bump in place - further lease details available to qualified buyer prospects. Neighboring businesses include Chick-Fil-A, Starbucks, Dollar General, Mavis Tire & Brakes, Planet Fitness, Waffle House, Winn Dixie, numerous medical, financial institutions, furniture stores, regional and local businesses all around.