1627 S Lumpkin Rd - Storefront FOR SALE


Columbus, GA 31903- Southeast Columbus
$3,900,000 USD
404-812-8925
1627 S Lumpkin Rd, Columbus, GA for Sale
$3,900,000 USD
Storefront - FOR SALE
1/7
null | 1.54% Cap Rate

1627 S Lumpkin Rd
Columbus, GA 31903
Southeast Columbus


HIGHLIGHTS

  • 79,000 SF shopping center priced at an attractive $49/SF
  • Currently 40% occupied, creating immediate upside potential
  • Space available to accommodate a grocery store, discount retailer, or entertainment use
  • Just 5 miles from Fort Moore (formerly Fort Benning), one of the largest U.S. Army bases
  • Ability to drive significant foot traffic with a well-positioned anchor tenant
  • Ideal for repositioning, redevelopment, or potential outparcel creation

OVERVIEW

Proforma NOI: $442,802 Proforma CAP: 11.35% River Square Marketplace is an excellent opportunity for an investor to acquire a value-add shopping center in Columbus. This is relatively rare, considering that the neighborhood center vacancy stands at 6.0%, power center vacancy at 11.1%, strip center vacancy at 4.0%, and general retail vacancy at 2.5% in the greater Columbus retail submarket - according to CoStar. The property is situated on S Lumpkin Rd, which has traffic counts of over 10,000. National tenants on this stretch of road include Krystal, McDonald's, CVS, Family Dollar, KFC, Boost Mobile, and Piggly Wiggly. The main shopping center is on 9.96 acres, smaller center on 0.69 acres, and Bank of America on 0.58 acres.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$52 USD /SF

CAP RATE

1.54%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bank, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.23 AC

LAND SF

489,179 SF

ZONING

GC

APN/PARCEL ID

045-003-007

ASK ABOUT THIS PROPERTY

Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.