1505 Newcastle Street

Brunswick, GA 31520
  • $1,600,000
  • STATUS: Active
  • ON SITE: 300 days
  • MLS #: 206338
UPDATED: 30 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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© 2020 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 Heather Murphy Real Estate Group | Keller Williams Realty - Coastal Area Partners. Real estate listings held by brokerage firms other than Heather Murphy Real Estate Group | Keller Williams Realty - Coastal Area Partners 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: 2020-02-26T17:07:58.62.
www.heathermurphysold.com/homes/94273661

1505 Newcastle Street Brunswick, GA 31520

  • Price: $1,600,000
  • Status: Active
  • Updated: 30 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. © 2020 Savannah Multi-List Corporation. All rights reserved.
© 2020 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 Heather Murphy Real Estate Group | Keller Williams Realty - Coastal Area Partners. Real estate listings held by brokerage firms other than Heather Murphy Real Estate Group | Keller Williams Realty - Coastal Area Partners 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: 2020-02-26T17:07:58.62.
 
Heather Murphy Real Estate Group | Keller Williams Realty - Coastal Area Partners
329 Commercial Drive Suite 100
Savannah GA, 31406