Description

This charming 1920' s mixed-use building is truly one of a kind! Nestled within Historic Cabbagetown, this former grocery store building that once served its Mill town residents now houses two commercial businesses and two apartments. At approximately 4,200 square feet, the property is 100% leased to architectural lighting design firm Gabler-Youngston (tenant pays pro-rata share of real estate taxes and insurance), t-shirt manufacturer Cartel (tenant pays pro-rata share of real estate taxes and insurance), and includes two large one bedroom, one bathroom apartment units on the second floor. Total potential gross rental income before reimbursements is $3,805 per month. With twelve-foot ceilings and charm galore, an owner should never have difficulty keeping this property fully leased. In addition, the property includes a vacant potential buildable lot for a single family home that is currently used for excess parking. In addition, the property is located in a Renewal Community zone, which qualifies for a 0% federal capital gains rate if the property is held for five years.

This property is located a short walk to the new Cabbagetown park as well as several local restaurants and bars. With its central location, the property is just minutes from downtown Atlanta and downtown Decatur.