1505 Newcastle Street $1,600,000

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    1505 Newcastle Street Brunswick, GA 31520

    • 0.24 Acres
    • Commercial
    MLS# 206338 | Active

    $1,600,000

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    Days On Market: 83 0 Views
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    Property Details

    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.

    • General Features
      • Property Description MultiUnit
      • Property Sub Type Multi Family
      • Lot Size Square Feet 10454
    • Building Features
      • Construction Brick/Siding
      • Cooling Type Central
      • Cooling Source Electric
      • Number of Heating Units 2
      • Water Heater Type Gas
      • Number of Building Stories 2.00000
      • Number of Cooling Units 2
      • Heating Type Central
      • Heating Source Gas
    • Property Features
      • Improvements Curb and Gutter
      • Number of Water Heaters 1
      • Ada Features Other
      • Water Public Water
      • Sewer Public Sewer
      • Road Surface Asphalt

    Contact

    Engel & Völkers Savannah

    Shop

    Engel & Völkers Savannah

    Office Phone: 912-238-0874

    Neighborhood

    31520 (Brunswick) Demographics

    38Median Age
    1,314Population Density (per sq. mile)
    23%College Educated
    $27,444 Estimated Median Income
    3,875Estimated Total Home Owners
    4,812Estimated Total Renters
    45% / 55%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    22,167Total Population
    Community data courtesy of LiveBy, Inc.

    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $1,600,000
    5/1/2019 2:21:00 PM New in Database Source

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    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. Real estate listings held by brokerage firms other than Engel & Völkers Savannah are marked with the name of the listing brokers. IDX data is deemed reliable but not guaranteed.IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 7/23/2019 9:21:46 PM. Copyright 2019 Savannah Multi-List Corporation. All rights reserved.