1505 Newcastle Street

    Brunswick, GA 31520
    • $1,600,000
    • STATUS: Active
    • ON SITE: 169 days
    • MLS #: 206338
    UPDATED: 24 min ago
    $1,600,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1909
    County:
    Area:

    School Ratings & Info

    Description

    Prime investment in federal Opportunity Zone. National credit tenant with great value-add potential. This 19,962 SF building provides the opportunity to acquire a well-located street front retail property with income from Wells Fargo as well as upside from approximately 15,171 SF of vacant space. Wells Fargo leases 4,791 SF on the first floor. Potential uses for the remainder of the property include retail, office and residential. This property is a former S.H. Kress store, located in the heart of historic Old Town Brunswick, GA which is starting to see more redevelopment activity. Brunswick, part of coastal Georgia's Golden Isles, is the mainland city connecting the barrier islands of St. Simon's, Little St. Simon's, Jekyll Island, and Sea Island, which boast natural beauty, high end resorts, and some of the finest golfing destinations in the country.

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    © 2019 Savannah Multi-List Corporation. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Information is deemed reliable but is not guaranteed accurate by the MLS or Coastal Savannah Homes. Real estate listings held by brokerage firms other than Coastal Savannah Homes are marked with the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-10-18T13:07:45.497.
    www.coastalsavannahhomes.com/homes/94273661

    1505 Newcastle Street Brunswick, GA 31520

    • Price: $1,600,000
    • Status: Active
    • Updated: 24 min ago
    • MLS #: 206338
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    1909
    Built
    County:
    Glynn
    Area:
    Brunswick
    Property Description
    Prime investment in federal Opportunity Zone. National credit tenant with great value-add potential. This 19,962 SF building provides the opportunity to acquire a well-located street front retail property with income from Wells Fargo as well as upside from approximately 15,171 SF of vacant space. Wells Fargo leases 4,791 SF on the first floor. Potential uses for the remainder of the property include retail, office and residential. This property is a former S.H. Kress store, located in the heart of historic Old Town Brunswick, GA which is starting to see more redevelopment activity. Brunswick, part of coastal Georgia's Golden Isles, is the mainland city connecting the barrier islands of St. Simon's, Little St. Simon's, Jekyll Island, and Sea Island, which boast natural beauty, high end resorts, and some of the finest golfing destinations in the country.
    Exterior Features

    Road Surface Type Asphalt

    Interior Features

    Accessibility Features OtherAccessible Doors Common Walls 1 Common Wall Cooling Central AirElectric Cooling YN Yes Heating CentralGas Heating YN Yes

    Property Features

    Association YN No Community Features CurbsGutter Current Use Service Business Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Terms CashConventional1031 Exchange Owner Pays None Property Attached YN Yes Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions Standard Stories Total 2 Tax Annual Amount 6008 Tax Year 2018 Water Source Public

    Listing courtesy of Clara Fishel of Keller Williams Coastal Area Partners. © 2019 Savannah Multi-List Corporation. All rights reserved.
    © 2019 Savannah Multi-List Corporation. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Information is deemed reliable but is not guaranteed accurate by the MLS or Coastal Savannah Homes. Real estate listings held by brokerage firms other than Coastal Savannah Homes are marked with the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-10-18T13:07:45.497.
     
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