529 Newnan ST Sold Save Request In-Person Tour Request Virtual Tour
Carrollton,GA 30117
Key Details
Sold Price $615,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 4,255 sqft
Price per Sqft $144
MLS Listing ID 7520562
Year Built 1989
Annual Tax Amount $6,678
Tax Year 2023
Lot Size 0.260 Acres
Property Sub-Type Office
Property Description
Located in the heart of downtown Carrollton, this property offers a great investment opportunity. The proximity to the downtown area
enhances both property value appreciation and tenant stability. A 3-year Triple Net Lease from March 2025 to February 2028 is in place
and offers security and a guaranteed income stream to the investor. The CAP rate is 9.76 at the asking price which is a good return on
investment. The building and office is in good condition and its value will appreciate over time adding more to the investment's
potential. For the buyer looking for Cash Flow and Appreciation, you need to take a look at this one.
Location
State GA
County Carroll
Zoning Offic
Rooms
Other Rooms None
Interior
Heating Central,Hot Water,Natural Gas
Cooling Central Air
Flooring Carpet
Exterior
Parking Features Parking Lot
Fence None
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Underground Utilities,Water Available
Waterfront Description None
View Other
Roof Type Other
Building
Lot Description Business Park,Level
Story Two
Foundation None
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None