16 Boardwalk Plaza, Unit 1 | 16 Boardwalk Plz
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16 Boardwalk Plaza, Unit 1 16 Boardwalk Plz
8,900 SF 100% Leased Retail Building Saint Simons Island, GA 31522 $3,100,000 ($348/SF)
Executive Summary
A golden opportunity to purchase a fabulous COMMERCIAL property in a prime location on south St. Simons Island that requires no flood insurance or ground lease and has ample paved parking. So very rare! This over 8900 square foot property is centrally located on the island's major thoroughfare, Demere Road, with easy access on and off the island as well as close proximity to shops, businesses, and restaurants. An amazing property that features an urban design showcasing brick walls, tall ceiling with exposed ductwork, and five restrooms. Large windows span the front to make it open and inviting. Two staircases access a loft and a catwalk area with hardwood floors overlooking the spacious first floor and offices. The property was designed by an architect, and it certainly shows with its thoughtful details. The current owners have added a wall with an interior door to separate the eastern section which has a separate exterior entrance and overhead door. This eastern section has been studded out for separate rooms/offices for additional rooms/potential rentals, or it could be converted back to one spacious area. This large commercial condominium is the front part of a building that is shared with only one other owner and was once was the home of Calabash, a home design and furniture market, then home to an upscale advertising agency with separate office rentals, and is now being utilized as Anytime Fitness..... so many possibilities!
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,900 SF
Building Class
B
Year Built
2000
Price
$3,100,000
Price Per SF
$348
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.15
Lot Size
1.36 AC
Zoning
PC - Planned Commercial District
Parking
10 Spaces (1.18 Spaces per 1,000 SF Leased)
Frontage
219 FT on Boardwalk Plaza
Amenities
- Accent Lighting
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $269,680 | |
Land Assessment | $0 | Total Assessment | $269,680 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$269,680
Total Assessment
$269,680
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16 Boardwalk Plaza, Unit 1 | 16 Boardwalk Plz
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