931 Fort Benning Rd - Storefront FOR SALE


Columbus, GA 31903
$850,000 USD
404-812-8910
931 Fort Benning Rd, Columbus, GA for Sale
$850,000 USD
Storefront - FOR SALE
1/8
null | 7.51% Cap Rate

931 Fort Benning Rd
Columbus, GA 31903


HIGHLIGHTS

  • Upside with leasing efforts and increasing the rents
  • Shopping center along with 11 small apartments and an additional building
  • Low price point at only $850,000
  • Massive high school across the street

OVERVIEW

Fully Leased NOI: $98,537 Fully Leased Cap Rate: 11.6% Fort Benning Road Plaza and the Pinewood Apartments are an excellent opportunity for an investor to acquire an attractive multi-tenant shopping center and an adjacent apartment complex, and an additional 1,500 square foot free standing building. The shopping center and apartments were built in 1970, has a gross leasable area of 12,344 square feet, and is situated on 0.86 acres, and is zoned "GC" - General Commercial Zoning District. Apartments 1-10 have been completely renovated, including new paint, flooring, fixtures, and lighting (in 2023). The shopping center has new gutters and has been painted inside and out. Additionally, the center has been thoroughly inspected and repairs have been completed (also in 2023). NOTE: the awning of the shopping center was damaged during a storm; however, repairs have been called in and will be completed in a timely manner. The property has excellent road visibility on Fort Benning Road with over 11,000 vehicles passing per day. It benefits from easy access to I-185 and is directly across the street from Spencer High School. Fort Benning Road Plaza benefits from the density of the surrounding residential real estate and national retail. This investment opportunity offers exceptional value-add potential in leasing Suite F, vacant building, and vacant apartment units, totaling 3,358 square feet.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

7.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fort Benning Road Plaza & Pinewood Apartments

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

GC

APN/PARCEL ID

064-030-022

ASK ABOUT THIS PROPERTY

Evan BaumanSkyline Seven Real EstateMore Info
404-812-8910

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Evan BaumanSkyline Seven Real EstateMore Info
404-812-8910

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