Remarks

This +/- 5,150 SF office property presents a prime opportunity for investors seeking stable income in a strategic location. Recently leased under a new 5-year modified gross lease, the property generates $72,000 in annual gross rental income, with a net income of $62,621.15 after expenses. This versatile property is zoned GC and designed to accommodate a range of professional uses, featuring a reception area, private offices, a conference room, and coworking spaces. Situated on 0.53 acres with ample parking and excellent access to major roadways, it offers both convenience and functionality. With a sales price of $659,000 and a 9.5% cap rate, this offering presents an excellent opportunity for investors seeking reliable income and long-term value.

Details

MLS#: 216407
Price: $659,000

Style: Office Condo/Office
Sq Ft: 5150

County: MUSCOGEE
Lot Size: .53