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Absolute $1 Auction, 1.48 AC

498 South 2nd Street : Jesup, GA 31545

Wayne County, Georgia

1.48 Acres
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Absolute $1 Auction, 1.48 AC : Jesup : Wayne County : Georgia

Land Description

Marketplace Online Auction June 20-22, 2021

Absolute Auction; Former At&T Industrial | Jesup, Ga.

Investment Highlights

Low Acquisition Cost: Absolute auction with no reserve offers investors an attractive low-basis investment opportunity.

Repositioning Opportunities: The current zoning designation (R-2) allows investors flexibility to convert the property into single family residential units, churches, colleges and universities, art galleries, and any permitted uses in the R-1 residential district.

Diverse Employment Profile: The diverse employment profile prevents the region from secular recessions as residents are employed in a wide array professional fields.

Offering Details

JLL and are pleased to present 498 South Road 2nd Street (the "Property"), a ±2,150 sf industrial property located in Jesup, GA. The Property is situated on a 1.48 acre parcel that is fully fenced and features 50 parking spaces. The current zoning designation of R-2 allows investors to reposition the property into the following: single family residential units, churches, colleges and universities, public libraries, museums, and art galleries, and any permitting use in the R-1 residential district. Investors will have the ability to capitalize on a value-add investment offering with flexible investment approaches through lease-up, redevelopment, or as an owner-user, with low acquisition expenditures and significant upside returns on investment.

Auctioneer:

Lamar P. Fisher

Fisher Auction Company Inc.

License: Aunr003157

Land features, descriptions, details, directions, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by LANDFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Buyers should exercise their own due diligence when purchasing real estate. LANDFLIP is not a party to any portion of the real estate transaction between a buyer and seller on this site. Contact the seller directly regarding this listing.
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