$485,000
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2,607 SqFt
SOLD DATE : 11/16/2022
Key Details
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,607 sqft
Price per Sqft $153
MLS Listing ID 20071735
Sold Date 11/16/22
HOA Y/N No
Year Built 2007
Annual Tax Amount $3,511
Tax Year 2022
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 2178
Source Georgia MLS 2
Property Description
Buy 2 condo units and collect rent from established restaurant in rapidly growing area. Building at front of 1,400 unit subdivision. Building fronts on bust commuter road. County considering widening road. Building surrounded by 3 new subdivisions under construction, Publix plaza, bank, liquor store, 2 Home Depot distribution centers, Luxotica 24X7 distribution center, and 3 gasoline stations. Restaurant build out completed in 2020 as a pizza franchise. Converted to BBQ restaurant in 2022. No renovation, no tenant search, no utilities required. Tenant pays rent, utilities and CAM. CAM covers condo assessment. Sale includes walk in freezer, walk in refrigerator, security system, sprinkler system, full kitchen, booths, and grease trap. Shown by appointment only with proof of funds or loan approval. Do not disturb restaurant operator. Operating Costs Annual Property Tax 3,199 Condo Assessment 3,372 Insurance 2,060 Total expense 8,631 Rent 33,600 CAM 3,180 Net Cashflow 28,149 Cap Rate 5.8%
Location
State GA
County Henry
Zoning Land Use: Commercial Improvement Type: Condominium Office
Interior
Heating Central, Forced Air, Heat Pump
Cooling Central Air, Electric
Flooring Laminate
Equipment Fixtures, Furniture
Fireplace No
Exterior
Parking Features Paved, Parking Lot
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Phone Available, Underground Utilities, Water Available
View Y/N No
Roof Type Tar/Gravel
Garage No
Private Pool No
Building
Lot Description Business Park, Corner Lot, Interior Lot, Level
Faces Use GPS. Accessible from I-75 exits 212 and 216.
Sewer Public Sewer
Water Public
Structure Type Brick,Frame,Stucco
New Construction No
Others
Tax ID 08001024358 & 08001024360
Security Features Closed Circuit Camera(s),Fire Sprinkler System
Special Listing Condition Updated/Remodeled
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