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1001 Merchants Dr 1,896 SF Retail Building Dallas, GA 30132 $450,000 ($237.34/SF) 9% Cap Rate
Investment Highlights
- Good location on Merchants Drive near Dallas
- Good investment with established tenant or owner user opportunity
- Auto Sales permitted at this location
Executive Summary
Investment: Retail automotive shop with good visibility and road frontage. Conveniently located near Hwy 278 and Dallas Ga on Merchants Dr. Property has over 200 ft of road frontage, heated space of 1924 sf. Long term existing tenant open to a lease extension with new ownership. Estimated cap rate at approx. 8%.
Owner / user: wide range of commercial uses in Paulding B2 including automotive, convenience store with gas pumps and more.
Price is based on conventional or cash deal. Negotiable.
Owner / user: wide range of commercial uses in Paulding B2 including automotive, convenience store with gas pumps and more.
Price is based on conventional or cash deal. Negotiable.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,896 SF
Building Class
C
Year Built
1959
Price
$450,000
Price Per SF
$237.34
Cap Rate
9%
NOI
$40,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.50 AC
Zoning
B2 - Paulding County B2 zoning - see attachment.
Parking
8 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 138.3.1.023.0000 | Improvements Assessment | $67,760 |
| Land Assessment | $20,000 | Total Assessment | $87,760 |
Property Taxes
Parcel Number
138.3.1.023.0000
Land Assessment
$20,000
Improvements Assessment
$67,760
Total Assessment
$87,760
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1001 Merchants Dr
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