listing

Property Description:

Located in the heart of the growing downtown Valdosta district, this expansive commercial property spans approximately 27,000 square feet across two parcels and presents a compelling opportunity for both investors and developers. The ground floor features six individual storefronts with four tenants currently in place. Once the remaining two units are renovated and all leased at market rates, the projected monthly income from the first floor alone is estimated between $10,000 and $12,000providing strong cash flow that could support the purchase price independently, while allowing an investor to renovate the upstairs level over time. The building also includes a dedicated entry to the second floor and a leasable rear office suite. Previously occupied by a government agency, the upstairs space is configured along a central corridor with three separate wings, offering over 50 private offices, multiple conference rooms, breakrooms, restrooms, and flexible open areas. With its layout and square footage, the upper level is well-suited for continued office use or redevelopment into downtown lofts or apartments. Additional highlights include both stair and elevator access, and a recently replaced roof. Positioned in a revitalizing district with long-term growth potential, this property offers size, versatility, and solid income upside. Property consists of 105-117 S. Patterson. See MLS#145937