$1,600,000 1505 Newcastle Street Brunswick, GA

MLS: 206338   Type: Commercial   County: Glynn   City: Brunswick   Zip: 31520   Style: Multi Family     Stories: 2   Taxes: $6,008

Mortgage $7,512 /mo



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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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Price History

5/1/2019 Listed $1,600,000

Accessibility Other, Accessible Doors
Association Y/N No
Community Features Curbs, Gutter
Current Use Service Business
Property Attached Y/N Yes
Property SubType Multi Family
Property Type Commercial Sale
Terms Cash, Conventional, 1031 Exchange

Interior Features

Air Conditioning Y/N Yes
Common Walls 1 Common Wall
Cooling Central Air, Electric
Heating Central, Gas
Heating Y/N Yes

Exterior Features

Construction Materials Brick
Lot Size Acres 0.24
Lot Size Square Feet 10454
Road Surface Type Asphalt
Sewer Public Sewer
Water Source Public

Property Schools

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Property vs Zip Code Avg (31520)

Price 1.60M Avg 612K

Taxes $6,008 Avg $933

Acres 0.24 Avg 1.92

Visits 217 Avg 52

Days on Site 262 Avg 435

Walkscore® 68 Avg 45

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Keller Williams Coastal Area Partners

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Location & Address

Keller Williams Realty Westside
102 Heather Lynn Lane
Rincon, GA

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