1705 Norman Dr | Valdosta, GA 31601
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1705 Norman Dr
Valdosta, GA 31601
Promenade Plaza · Retail Property For Sale
Investment Highlights
- Promenade Plaza is located directly across the street from the Valdosta Mall, an indoor mall totaling over 500,000 square feet.
- Substantial upside is available for an investor to both increase rents and value.
- Major Employers in Valdosta are all essential businesses including Moody Air Force Base, South Georgia Medical Center, and Valdosta State University.
- Outparcels (NIC) to Promenade Plaza include McDonalds, Panera Bread, Sonny’s BBQ, Mori Japanese Steakhouse.
- The immediate submarket has seen an average occupancy rate of over 96 percent during the last 5-years.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
64,523 SF
Building Class
B
Year Built
1982
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.27
Lot Size
5.46 AC
Zoning
C4 - Commercial
Parking
252 Spaces (3.91 Spaces per 1,000 SF Leased)
Frontage
176 FT on Norman Dr
Amenities
- Dedicated Turn Lane
PROPERTY TAXES
| Parcel Number | 0084A-048 | Improvements Assessment | $778,395 |
| Land Assessment | $873,000 | Total Assessment | $1,651,395 |
PROPERTY TAXES
Parcel Number
0084A-048
Land Assessment
$873,000
Improvements Assessment
$778,395
Total Assessment
$1,651,395
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