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2539-2545 Veterans Memorial Hwy 3,670 SF 100% Leased Retail Building Austell, GA 30168 $650,000 ($177.11/SF) 8% Cap Rate
Investment Highlights
- This retail center must be purchase with the 0.978 acre adjacent parcel zoned GC
- Brick storefront, block building / roof replaced / GC zoning allows a variety of uses
- 3,760 SF+-, 3 tenant 100% leased investment on 0.459 acres+-
- Highly visible with 28,000+ daily traffic count
Executive Summary
For sale at an attractive cap rate is a 100% leased 3,760 SF+- three tenant retail storefront property on 0.459 acres+- located on Veterans Memorial Highway in Austell, Georgia. The general commercial (GC) zoning allows a variety of businesses, making this a perfect rental income investment. The construction is a brick storefront façade with concrete block building replaced roof.
Veterans Memorial Highway is a significant east-west four lane artery with center turn lane connecting Atlanta to the west metropolitan area. The property has high visibility with an 28,000+ daily traffic count.
The adjacent 0.978 acres+- also zoned GC must be acquired as part of the retail center sale.
Veterans Memorial Highway is a significant east-west four lane artery with center turn lane connecting Atlanta to the west metropolitan area. The property has high visibility with an 28,000+ daily traffic count.
The adjacent 0.978 acres+- also zoned GC must be acquired as part of the retail center sale.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,670 SF
Building Class
C
Year Built
1980
Price
$650,000
Price Per SF
$177.11
Cap Rate
8%
NOI
$52,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.45 AC
Zoning
GC - General commercial zoning
Frontage
142’ on Veterans Memorial Hwy
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-0027-0-012-0 | Improvements Assessment | $42,120 |
| Land Assessment | $35,356 | Total Assessment | $77,476 |
Property Taxes
Parcel Number
18-0027-0-012-0
Land Assessment
$35,356
Improvements Assessment
$42,120
Total Assessment
$77,476
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2539-2545 Veterans Memorial Hwy
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