3663 1st Avenue - Warehouse FOR SALE


Columbus, GA 31904
$12,200,000 USD
706-577-2398
3663 1st Avenue, Columbus, GA for Sale
$12,200,000 USD
Warehouse - FOR SALE
1/15
null | Request Cap Rate

3663 1st Avenue
Columbus, GA 31904


HIGHLIGHTS

  • +/-402,900 SF warehouse space on 16.1 acre site
  • Operating business nets over $750k/year in rental income, significant upside potential
  • Immediate access to J.R. Allen Parkway, Manchester Expressway, and I-185
  • 1 block off 2nd Avenue, convenient to downtown Columbus and Phenix City

OVERVIEW

River Mill warehousing and storage facility available for purchase. +/-402,900 SF of total warehouse space on a +/-16.1 acre site. Warehouse, boat/RV/auto storage, and self-storage businesses generate over $750,000/year in net lease income. Current rents are under market and have significant upside potential. Rent roll and financials available upon request. River Mill Warehouse generates over $750,000/year net lease income and the business includes 3 components: (1) River Mill Warehouses. +/-253,400 SF in 9 units from 14,200 SF to 52,180 SF; (2) River Mill Boat, Auto & RV Storage. +/-66,100 SF of indoor storage plus secure outdoor storage, and; (3) River Mill Self Storage. +/-83,400 SF of climate-controlled storage with 65 units from 100 SF to 2,700 SF. Major tenants include River Mill Boat, RV and Self Storage, River Mill Data Management, Panasonic, La-Z-Boy, and Lowe Electric Supply. The buildings are fully sprinklered, ceiling heights vary from 14' to 18', and most spaces include new LED lighting. River Mill warehouses are served by a total of 20 docks and 5 drive-in doors. The property is fenced and gated with on-site parking for approximately 20 trucks and 46 autos. MROD Mill Restoration Overlay District zoning provides for a broad range of warehouse and commercial uses.

FOR SALE DETAILS

PRICE

$12,200,000 USD

PRICE/SF

$30 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

River Mill Warehouse and Storage

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

UTILITIES

Lighting - Fluorescent, Gas, Water - City, Sewer - City, Heating

CLEAR CEILING HT

18 Ft

DOCKS

20

DRIVE INS

5

PARKING SPACES

46

LAND DETAILS

LAND ACRES

16.1

LAND SF

701,316

ZONING

MROD

APN/PARCEL ID

008 008 009

ASK ABOUT THIS PROPERTY

David JohnsonNAI G2 CommercialMore Info
706-577-2398

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David JohnsonNAI G2 CommercialMore Info
706-577-2398

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