Listed by Jefcoat Real Estate Services, LLC
$799,000
Mixed-Use Portfolio | Retail, Commercial Building, 11 Units
Details
APN 064 030 022 and 064 030 025
Property Type Multifamily, Retail
Sub Type Apartment Building, Shopping Center
Square Footage 7,497
Units 6
Tenancy Multi
Lease Type Modified
Price per SqFt $107
Class B
Year Built 1970
Year Renovated 2024
Buildings 3
Stories 1
Zoning GC
Investment Type Value Add
Ownership Economy
Retail Strip Center | 11 Multifamily Units | Freestanding Commercial Building
Marketing description
Offering a two-parcel investment portfolio in Columbus, Georgia consisting of a 7,497 SF neighborhood retail strip center and a second parcel improved with an 11-unit apartment building and a ±1,000 SF freestanding commercial building.
The portfolio provides diversified income streams across retail and multifamily assets, anchored by long-term retail tenants while offering value-add potential through lease-up of vacant suites and rent growth within the apartment units.
The portfolio presents investors with several opportunities to increase income and overall asset value, including:
- Leasing the vacant retail suites within the strip center
- Activating the freestanding commercial building for additional income
- Gradually increasing apartment rents to market levels
Investment highlights
- Two-parcel portfolio offering three income-producing assets
- 7,497 SF retail strip center with six suites
- Long-term tenants in place including a 30-year pawn shop tenant and 15-year thrift store tenant
- Two ±1,000 SF retail suites currently vacant, offering immediate lease-up opportunity
- 11-unit apartment building providing steady residential income
- Freestanding ±1,000 SF commercial building on the apartment parcel offering additional revenue potential
- General Commercial zoning allowing flexible commercial uses
- Individually metered utilities reducing landlord expense exposure
- Multiple avenues for NOI growth through lease-up and rent adjustments
Listing Contacts
Listed by Jefcoat Real Estate Services, LLC
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