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79 Doyle St 5,000 SF 100% Leased Office Building Toccoa, GA 30577 $425,000 ($85/SF) 7.02% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Renovated
- Potential for Owner 0ccupancy of 2500sf apartment
- Strong Occupancy Rate
EXECUTIVE SUMMARY
Beautifully renovated building in downtown historic Toccoa which is ~ 5000sf and consists of a 2500sf retail store (occupied by Angel Oak Design) and an upstairs 2500sf apartment (which is currently rented through AirBnB and VRBO but will be transitioned to a full time residential Lease prior to sale, unless the Buyer wants to occupy the apartment)
Addresses of building being sold are 79 Doyle Street and 75 Doyle Street
Building has a strong occupancy record and is well maintained
* the building was renovated in 2007 and again within the last 3 years (and both 5 ton HVAC units were replaced in November 2024 and are under warranty)
* located at the corner of Doyle Street (the main road in downtown Toccoa) and North Pond Street, has a wonderful greenspace immediately behind it (that was recently built by the City of Toccoa) and has a front row seat to many City of Toccoa activities (i.e., Ida Cox music concerts, WWII reenactment activities, city parades and festivals)
Price is supported by the two similar/recent comps; 51 Doyle Street building that sold in April 2024 and the 12 E Doyle Street bank building that sold in the past ~45 days.
Please call or email Jordan Colletta, 6784786957 / jordancolletta@gmail for details
Addresses of building being sold are 79 Doyle Street and 75 Doyle Street
Building has a strong occupancy record and is well maintained
* the building was renovated in 2007 and again within the last 3 years (and both 5 ton HVAC units were replaced in November 2024 and are under warranty)
* located at the corner of Doyle Street (the main road in downtown Toccoa) and North Pond Street, has a wonderful greenspace immediately behind it (that was recently built by the City of Toccoa) and has a front row seat to many City of Toccoa activities (i.e., Ida Cox music concerts, WWII reenactment activities, city parades and festivals)
Price is supported by the two similar/recent comps; 51 Doyle Street building that sold in April 2024 and the 12 E Doyle Street bank building that sold in the past ~45 days.
Please call or email Jordan Colletta, 6784786957 / jordancolletta@gmail for details
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,000 SF
Building Class
B
Year Built/Renovated
1938/2007
Price
$425,000
Price Per SF
$85
Cap Rate
7.02%
NOI
$29,844
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,500 SF
Building FAR
0.96
Lot Size
0.12 AC
Zoning
B-III - Business Usage and residential upstairs Usage
AMENITIES
- Security System
- Signage
- Kitchen
- Central Heating
- Recessed Lighting
- Drop Ceiling
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | T19-153 | Improvements Assessment | $146,325 |
| Land Assessment | $11,920 | Total Assessment | $158,245 |
PROPERTY TAXES
Parcel Number
T19-153
Land Assessment
$11,920
Improvements Assessment
$146,325
Total Assessment
$158,245
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79 Doyle St
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