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Lot: 1 acre
Single Family Detached
1601 Ashley St Unbeatable location & undeniable visibility for this corner lot/bldg in the center of growing mid-town Valdosta. Formerly a drive up motel converted years ago into individual offices varying by size. Very well maintained. Several long-term tenants (short leases) provide current $42,180/yr gross with only 50% occupancy. Buy for interim income now & hold for later resale or redevelopment. Market momentum in mid-town is growing with new development coming including a strong local bank, national Gas/C-store, & other deals pending. N Ashley (aka US Hwy 41) is the main north-south corridor here with 19,200/day traffic in 2016. Adjacent property (0.91 acre) at 1607 N Ashley also for sale to provide up to 1.67 acres combined for tremendous new corner site. Plat attached in Documents.