1902 Demere RD Under Contract

St. Simons,GA 31522

$ 1000000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 10279459

Construction Status Resale

Year Built 1947

Annual Tax Amount $840

Tax Year 2023

Lot Size 1.500 Acres

Property Description

Commercial opportunity on Saint Simons Island. This unique property boasts approximately 6,000sqft of warehouse space plus additional land for development. Land is leased through Glynn County Development Authority/ Airport Commission with 17 years left on the current lease plus two 5 year extension options. There is a current sub lease in place with a tenant. This offering is for the building and an assignment of both the Development Authority lease and the tenant lease. Assignment of lease, proposed development and ground lease rate subject to Airport Commission approval. Located off Demere Road near the South end of Saint Simons, this location is in close proximity to all Saint Simons has to offer. This type of commercial opportunity does not come up often!

Location

State GA

County Glynn

Zoning Commercial

Interior

Heating None

Cooling None

Exterior

Parking Features Other

Utilities Available Cable Available,Electricity Available,Phone Available,Sewer Available,Underground Utilities,Water Available

Building

Sewer Public Sewer

Construction Status Resale

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