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Listed by John Courson COLDWELL BANKER PREMIER REAL E
$ 450,000
Est. payment /mo
New
114 N Patterson Street Valdosta, GA 31601
3,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $125
Subdivision Downtown
MLS Listing ID 147195
HOA Y/N No
Year Built 1902
Lot Size 1,785 Sqft
Lot Dimensions 20 x 90
Property Sub-Type Commercial
Property Description
Located in the heart of historic downtown Valdosta, 114 N Patterson Street is a well-maintained mixed-use investment or owner-occupant opportunity featuring street-level commercial space with two modern loft apartments above. The approximately 3,600 SF building blends classic downtown character with updated interiors and strong in-place income. The ground floor is leased to a dance studio with excellent visibility along Patterson Street, highlighted by attractive storefront windows and a welcoming recessed entry. The second level features two upscale loft-style apartments with open living areas, hardwood floors, and updated kitchens and baths. One apartment includes a distinctive step-up bedroom area overlooking the front living space, adding architectural interest and privacy. The property is currently occupied and generates approximately $3,500 per month in gross rental income ($42,000 annually) based on existing leases and recent rentals. Rental rates are considered consistent with current downtown Valdosta market conditions. Lease details are available upon request. An additional advantage is the property's rear access backing directly to the City of Valdosta–owned Toombs Street public parking lots, providing convenient parking for both residential occupants and commercial patrons. Surrounded by restaurants, shops, offices, and entertainment venues, this property is well suited for investors seeking stable downtown income or owner-occupants looking for a flexible live/work opportunity in one of Valdosta's most walkable and desirable locations.
Location
State GA
Area 3-S Of Park Ave To E Oak St To S Hill Ave
Zoning C-D
Interior
Interior Features Living Quarters, Private Restrooms
Heating Central
Cooling Central Air, Electric
Exterior
Exterior Feature Other
Parking Features Paved, Large Area
Garage Spaces 40.0
View Y/N No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two