Bought with Diana Ortiz • Maximum One Executive Realtors
$405,000
$395,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
1.47 Acres Lot
SOLD DATE : 12/03/2021
Key Details
Sold Price $405,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision None
MLS Listing ID 9057843
Sold Date 12/03/21
Construction Status Resale
Year Built 1999
Annual Tax Amount $2,825
Tax Year 2021
Lot Size 1.470 Acres
Property Description
INCOME until 2026 - just signed a new Lease - Extended lease for additional 3 years **Currently $3000 monthly then: (9.11% cap rate) **$3,150 monthly (9.56% cap at $395,000 purchase price) **$3,307.50 monthly (10.04% cap) **$3,472 monthly ending January 31, 2026 (10.54% cap rate) 6,000 s.f. w/ 1,000 s.f. office build out **1.47 acres **$36,000 in annual income **Leased thru February 7, 2023 **Zoned Light Industrial **20’ eve height **(1) 16’x16’ drive in door and (2) 12’x16’ drive in doors **Large dock high loading dock **400 amp 3- phase main panel – 200 amp panel **2 restrooms 1 with shower **4,800 s.f. extra concrete pad for bldg. expansion or outdoor storage **Property is fenced with 12,000 s.f. of asphalt parking **Water, natural gas, septic, high power internet **Convenient to I-985 / exit 20 SEE WEBPAGE FOR ADDITIONAL INFORMATION
Location
State GA
County Hall
Zoning LI
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Exterior
Garage Other
Utilities Available Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Water Available
Building
Sewer Septic Tank
Construction Status Resale
Others
Financing Other
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240 Corporate Center Dr, Ste F, Stockbridge, GA, 30281, United States