Active
4 Proctor Street
Statesboro GA, 30458
$1,945,000
$138.93 per sqft
Active
14,000 sqft
Commercial
Built in 1940
Amazing mixed use investment/redevelopment opportunity in downtown Statesboro! Located next door to the Statesboro Herald and Core Credit Union and walkable to all downtown dining, shops, City Hall and Courthouses. City bus line also serves the area. This former neighborhood shopping center fronts on three city streets and offers a unique mix of retail and industrial/flex space ranging from 2,550 sq. ft. up to 14,000 and units can be combined as needed. This large multi-parcel site is 6 parcels combined to provide approximately 2.64 acres and over 31,000 square feet under roof in the heart of Statesboro. Over 100 parking space with room for more. The flexibility this property offers makes it ideal for many business uses or redevelopment. Ideal for a rental venue, conference center, showroom etc. Property is equipped with loading docks and drive in doors with access for tractor trailers. 14-16 foot ceiling heights. Amazing open spans of 100' X 80' in the former grocery store space. Expansive glass window line for retail exposure and lots of natural light to the interior. Prior uses include an IGA grocery store, Sears, auto service, restaurant/bar, indoor golf, retail stores, restoration contractor with call center and office uses. Expansive parking area in front of the property along with additional parking and delivery access in the rear. Two additional adjacent buildable lots provide additional flexibility for parking or other development. Newer roof on a substantial portion of the property. The former bar space is sprinklered and could permit additional coverage to other areas. The configuration of the property allows multiple tenants/uses. Owner could occupy a portion of the property and rent the remainder or reconfigure for new development or develop a new concept on the property. Based on other recent area developments, this site could potentially have a new apartment complex with 225+ units and approximately 600 bedrooms with city approval. Individual portions of the property could be split and sold. Tremendous value to a new owner with the many flexible uses this property provides. The explosive growth in Statesboro and Bulloch County as a result of the new Hyundai Manufacturing Plant opens up even more possibilities for well positioned properties like this in Statesboro. Space dimensions are shown under photos and attached documents. Tours available for prequalified buyers. Site is in an Opportunity Zone and may qualify for Federal and State Tax Incentives. Additional incentives may be available from the City of Statesboro and the Downtown Statesboro Development Authority. Ask agent for further details.
10371205
MLSⓇ ID
September 3, 2024
Listed
November 21, 2024
Updated
Map
4 Proctor Street
Statesboro GA, 30458
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
2.64 Acres
Lot Features
City Lot, Semi Turning Available
Sewer
Public Sewer
Other Property Details
Taxes
$18,853
Tax Frequency
Annually
Days on Market
21
Garage
No
Parking
Parking Lot, Paved
View
No
County
Bulloch
Water Source
Public
Pool
No
Listed with Statesboro Properties
Based on information from Georgia MLS as of 11/21/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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Data last updated 10:47 PM UTC, 11/21/2024