Absolute $1 Auction, 1.48 AC

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