1505 Newcastle Street
Brunswick, GA 31520

$1,600,000

Description

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.

Details

MLS#206338
StyleIndustrial
Sub-TypeResale
StatusActive
Year1909
Days On Site18

Features

Story(s)2

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Area Information

StateGA
CountyGlynn
CityBrunswick
Zip Code31520
AreaGlynn
Listing VS Median (in 31520)
Price:
$1,600,000
low | high
Med:
$1,600,000
50% of Average
On Site:
18
low | high
Med:
18
100% of Average
Listing Updated: 05/19/2019
MLS Number: 206338
Listing Provided By:
Clara Fishel  of  Keller Williams Coastal Area Partners
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