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2023 Memorial Dr 20,040 SF Retail Building Waycross, GA 31501 $2,024,084 CAD ($101.00 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Prime visibility along Memorial Drive/US Route 1, with approximately 10,000 vehicles passing daily, ensures consistent exposure for any business.
  • Strategic location within an Opportunity Zone offers potential tax advantages for investors and owner/users within this South Georgia community.
  • Call 904-514-3665 for details.
  • Flexible multi-building layout with showroom, warehouse, mezzanine, and outdoor storage space that accommodates retail or mixed-use operations.
  • Strong national retailers and nearby hotels, such as Tractor Supply Co. and Days Inn, drive steady patron traffic and long-term investment stability.

EXECUTIVE SUMMARY

2023 Memorial Drive in Waycross, Georgia, presents a 20,040-square-foot multi-building retail property with exceptional visibility and versatility along a primary commercial corridor. Formerly home to Eagle Pawn Outfitters, the site has prime exposure with daily traffic counts of approximately 10,000 vehicles (VPD). The property encompasses a spacious front retail store with an expansive showroom floor, a central outdoor covered and open storage area, and a rear industrial warehouse with mezzanine space. A large rear lot provides ample room for trucks, equipment, or additional open-air storage, making this space ideal for home improvement centers, equipment rental companies, furniture and appliance retailers, farm supply outlets, or other mixed-use operators.

With roughly 40 dedicated parking spaces, this property effortlessly accommodates customer convenience from Memorial Drive. Excellent co-tenancy and traffic synergy are prevalent in the surrounding area, situated down the street from Tractor Supply Co. and Ollie's Bargain Outlet, adjacent to Days Inn and Comfort Suites, and just minutes from The Mall at Waycross and a Walmart Supercenter. A high-volume retail store, destination showroom, or hybrid retail-warehouse operation would be fully equipped to support a roster of commercial concepts.

Between Brunswick Highway and US Route 1, and a mere five minutes from Waycross's historic downtown, 2023 Memorial Drive benefits from being in a nationally recognized Main Street City known for its Southern hospitality and small-town charm. The area offers appealing local demographics, with average household incomes of $61,235 within a 2-mile radius, and the property sits within an Opportunity Zone, offering potential tax advantages for investors or business owners. Supported by a thriving commercial corridor, this is a chance to establish or expand business in a dynamic South Georgia community.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Building Size
20,040 SF
Building Class
C
Year Built/Renovated
1982/1983
Price
$2,024,084 CAD
Price Per SF
$101.00 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
2.44 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial

AMENITIES

  • Signage

ABOUT STATESBORO

Statesboro, Georgia, is located on the Interstate 16 corridor just 45 minutes from Downtown Savannah and the Savannah Port, one of the nation’s busiest. The town of about 32,000 people is the county seat of Bulloch County. Bulloch and neighboring Bryan counties have seen some of the fastest population growth in Georgia over the past decade, adding more than 25,000 people between the 2010 and 2020 counts by the U.S. Census Bureau.

A thriving industrial sector supports retail spending in the area. Major employers such as Briggs and Stratton engine maker, Great Dane refrigerated trailer manufacturer, and Walmart’s massive 1 million-square-foot distribution center provide thousands of jobs for area workers. The education and health sectors are also vibrant here. Georgia Southern University offers more than 66 undergraduate degree programs to its 26,000 students on its Statesboro Campus, and East Georgia Regional Medical Center is a regional healthcare hub.

Downtown revitalization and visitor attraction are priorities for local leaders. Developers are working to transform 75 acres near Downtown Statesboro into the “Creek on the Blue Mile,” a revitalized flood plain project adding nature trails, pavilions, and fishing and kayaking opportunities.

Population growth in Statesboro has attracted new brands to the market. Florida-based grocer Publix has plans to open its first Statesboro location in 2022.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
1,963
19,515
29,617
42,567
2029 Population
1,935
19,539
29,695
43,588
2024-2029 Projected Population Growth
-1.4%
0.1%
0.3%
2.4%
Median Age
40.0
39.1
39.7
40.3
College Degree + Higher
14%
18%
16%
10%
Daytime Employees
4,544
13,439
15,869
20,250
Total Businesses
449
1,681
1,931
2,339
Average Household Income
$53,691
$54,913
$54,311
$61,740
Median Household Income
$44,582
$37,423
$37,831
$44,537
Total Consumer Spending
$18.3M
$176.9M
$275.2M
$396.2M
2024 Households
851
7,794
11,701
16,156
Average Home Value
$112,197
$118,702
$145,413
$176,164
$ values in USD

NEARBY AMENITIES

RESTAURANTS

Popeyes - - 2 min walk
Rodeo Mexican Restaurant - - 4 min walk
Subway - - 5 min walk
Rancheros Fresh Grill Grill $ 6 min walk
Starbucks Cafe $ 9 min walk

RETAIL

Tractor Supply Company Home Improvement 1 min walk
Ollie's Bargain Outlet Dollar/Variety/Thrift 1 min walk
Ameris Bank Bank 2 min walk
Dollar General Dollar/Variety/Thrift 2 min walk
CVS Pharmacy Drug Store 14 min walk

HOTELS

Fairfield Inn
89 rooms
3 min drive
Hampton by Hilton
69 rooms
3 min drive
Comfort Suites
77 rooms
2 min drive
Holiday Inn Express
78 rooms
3 min drive
Quality Inn
135 rooms
3 min drive

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WA2406002
Land Assessment
$165,653 CAD
Improvements Assessment
$245,688 CAD
Total Assessment
$411,340 CAD
  • Listing ID: 37141385

  • Date on Market: 2025-08-06

  • Last Updated:

  • Address: 2023 Memorial Dr, Waycross, GA 31501

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