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OFFIC · For Sale

529 Newnan ST, Carrollton Active

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Asking price
$615,000
Price / SF
$144.54
Cap rate
—
Sale type
—
Property type
OFFIC
Property subtype
OFFIC
Building class
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Building size
4,255 sq ft
Year built
1989
NOI
—
Tenancy
—
Building height
—
Building FAR
—
Lot size
0.26 acres
Zoning
Office and Institutional
Frontage
—
Listing #
EN-1352
MLS #
10454155

Located in the heart of downtown Carrollton, this property offers a great investment opportunity. The proximity to the downtown area enhances both property value appreciation and tenant stability. A 3-year Triple Net Lease from March 2025 to February 2028 is in place and offers security and a guaranteed income stream to the investor. The CAP rate is 9.76 at the asking price which is a good return on investment. The building and office is in good condition and its value will appreciate over time adding more to the investment's potential. For the buyer looking for Cash Flow and Appreciation, you need to take a look at this one.

Location

GAMLS
Listed by Century 21 Novus Realty
© 2021 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. · MLS# 10454155

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