0 US HWY 27
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
0 US HWY 27
2.75 Acres of Commercial Land Offered at $561,750 in Cataula, GA 31804
Investment Highlights
- Convenient location
- Hwy 27 is a major traffic corridor for commuters into Columbus from Harris County
Executive Summary
Total of 2.75 acres with a portion of the lot (.56 AC) under a ground lease to MCC Georgia, LLC (Mediacom). Lease was recently renewed for 10 years through 7/31/2034. Ground lease rental rate is currently $1600/month and escalates $100/month every two years. Overall average rental rate over the 10 years will be $1800/month ($21,600/year). The original lease dates back to February 1989. The lease includes provisions for reimbursement for property taxes prorated by acreage. Ground lease tenant pays taxes on the improvements and is also required to provide insurance on the leased Premises. Tenant maintains the leased portion of the property.
The balance of the property (2.19 AC) is a flat wooded area most recently used for a tree cutting/firewood business. A minor driveway was permitted and built to serve this portion of the site. The County has not assigned an address to the parcel, but it is located next to 1606 US Hwy 27 near Raymond Dr. The property is perfect for a contractor, landscaper, equipment company, auto repair, utility or other business. The tract will benefit from a road widening project on US Hwy 27 that is currently under construction and scheduled to be completed in spring of 2025. The site is convenient to Columbus, Harris County, Phenix City, Ft. Moore, Lagrange and all of the Chattahoochee Valley.
The owner recently facilitated some drainage and fencing improvements along US Hwy 27 and along the back side of the tract. Other than these dollars, the property has been virtually maintenance free for many years.
Pricing Strategy - The ground lease is basically a NNN lease for the .56 acres, but the property owner recently spent money to address drainage issues as referenced above. Years 1 & 2 of the renewal term will generate NOI of $19,200. Years 9 & 10 of the renewal term will generate $24,000 NOI. Over the 10 year life of the renewal, the NOI will average $21,600. At a 7.5 CAP rate, the ground lease has a value of $288,000.
The remaining acreage is priced at $125,000/AC for a undeveloped land total of $273,750. The total price of the 2.75 AC tract is
$288,000 + $273,750 = $561,750. Owner selling the entire tax parcel and will not subdivide.
The balance of the property (2.19 AC) is a flat wooded area most recently used for a tree cutting/firewood business. A minor driveway was permitted and built to serve this portion of the site. The County has not assigned an address to the parcel, but it is located next to 1606 US Hwy 27 near Raymond Dr. The property is perfect for a contractor, landscaper, equipment company, auto repair, utility or other business. The tract will benefit from a road widening project on US Hwy 27 that is currently under construction and scheduled to be completed in spring of 2025. The site is convenient to Columbus, Harris County, Phenix City, Ft. Moore, Lagrange and all of the Chattahoochee Valley.
The owner recently facilitated some drainage and fencing improvements along US Hwy 27 and along the back side of the tract. Other than these dollars, the property has been virtually maintenance free for many years.
Pricing Strategy - The ground lease is basically a NNN lease for the .56 acres, but the property owner recently spent money to address drainage issues as referenced above. Years 1 & 2 of the renewal term will generate NOI of $19,200. Years 9 & 10 of the renewal term will generate $24,000 NOI. Over the 10 year life of the renewal, the NOI will average $21,600. At a 7.5 CAP rate, the ground lease has a value of $288,000.
The remaining acreage is priced at $125,000/AC for a undeveloped land total of $273,750. The total price of the 2.75 AC tract is
$288,000 + $273,750 = $561,750. Owner selling the entire tax parcel and will not subdivide.
Property Facts
1 Lot Available
Lot
| Price | $561,750 | Lot Size | 2.75 AC |
| Price Per AC | $204,273 |
| Price | $561,750 |
| Price Per AC | $204,273 |
| Lot Size | 2.75 AC |
2.75 AC lot on US Hwy 27 in Cataula just north of Columbus, GA. Hwy 27 is one of the feeder corridors from Harris County into Columbus. Zoned Highway Commercial (C-4). .56 acre of the 2.75 acres under a 10-year lease to MCC GA (Mediacom).
Description
2.75 acres with .56 acres cleared and 2.19 acres still wooded. Mostly flat.
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $959 | |
| Land Assessment | $584,582 | Total Assessment | $585,541 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$584,582
Improvements Assessment
$959
Total Assessment
$585,541
zoning
| Zoning Code | C4 - Highway Commercial (Highway Commercial is the most flexible commercial zoning classification in the Harris County jurisdiction.) |
| C4 - Highway Commercial (Highway Commercial is the most flexible commercial zoning classification in the Harris County jurisdiction.) |
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
0 US HWY 27
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.