4168 Old Hwy 41, Valdosta GA 31602 124254
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Office-warehouse income property. All 3 spaces leased. $45k NOI. 8.2% cap. Gross rent: $2450 + $975 + $795 = $4220/mo x 12 = $50,640/yr. Annual expenses: $1633 taxes + $2779 insurance + $1080 lawn + $140 net water-sewer = $5632 total. NOI = $45,008. Excellent location in crosshairs of all north Valdosta/Lowndes County suburban growth. Perfect spot with access to 4 major traffic corridors incl. I-75 Exit 22, U.S. Hwy 41, North Valdosta Rd, Val Del Rd. See summary in Documents. Showings only in DDP under contract.
Listing Provided By Scott Alderman with FIRST COMMERCIAL REAL ESTATE