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5000 McGinnis Ferry Rd 21,000 SF Vacant Retail Building Alpharetta, GA 30005 $6,000,000 ($285.71/SF) 12% Cap Rate
Investment Highlights
- Corner Lot
- On New Exit being built Georgia 400 for McGinnis Ferry Rd
- HALCYON
Executive Summary
Located 5 minutes from Halcyon! Welcome to 5000 McGinnis Ferry, an impressive office building/Event Space/ Fine Dining Restaurant situated on corner lot of McGinnis ferry and old Alpharetta rd. This is 21,000 sq ft building on almost 3 acres corner lot. with ample space and unique details. This property includes spacious interior areas, allowing for flexible use and potential customization. Its outdoor space is expansive, providing opportunities for various outdoor activities or further redevelopment enhancement. The property is situated in a desirable windward business community with access to all amenities. Property is zoned industrial/Commercial. The layout and structure emphasize both comfort and functionality, catering to a range of lifestyle needs. This property presents a distinctive and well-thought opportunity into retail/office/warehouse use.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
21,000 SF
Building Class
B
Year Built/Renovated
1985/2026
Price
$6,000,000
Price Per SF
$285.71
Cap Rate
12%
NOI
$720,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.66 AC
Zoning
C - Commercial
Parking
42 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
147’ on McGinnis Ferry Road
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 066-009 | Improvements Assessment | $138,432 |
| Land Assessment | $359,100 | Total Assessment | $497,532 |
Property Taxes
Parcel Number
066-009
Land Assessment
$359,100
Improvements Assessment
$138,432
Total Assessment
$497,532
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Contact the Sale Advisor
5000 McGinnis Ferry Rd