Bought with JohnPaul Phillips • Keller Williams Realty Atl. Partners
$565,000
$600,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
1.28 Acres Lot
SOLD DATE : 06/28/2024
Key Details
Sold Price $565,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10299330
Sold Date 06/28/24
Construction Status Resale
Year Built 1983
Annual Tax Amount $9,549
Tax Year 2023
Lot Size 1.280 Acres
Property Description
Introducing a prime investment opportunity! This office building sits majestically on a sprawling 1.28-acre lot, strategically positioned along a bustling highway renowned for its high traffic volume. Drawing an average of 34,700 cars daily, with peak counts reaching up to 45,500 vehicles or more, this location guarantees unmatched visibility and accessibility, making it an ideal hub for businesses craving maximum exposure. Boasting a cap rate exceeding 10%, this property is a lucrative income-generating asset from day one. Whether you're expanding your portfolio or diving into commercial real estate, this opportunity promises immediate returns and long-term potential. 11 of 13 doors are currently rented out, so there is potential for an even better cap rate! Seize the chance to secure a prized asset in a high-demand location-schedule a viewing today and unlock the endless possibilities this investment holds!
Location
State GA
County Clayton
Zoning C- Commercial
Interior
Heating Other
Cooling Other
Exterior
Garage Parking Lot
Utilities Available Electricity Available, Other, Water Available
Building
Sewer Public Sewer
Construction Status Resale
Others
Financing Cash
Read Less Info
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400 Galleria Pkwy SE, Atlanta, GA, 30339, United States