1816-1820 Austin Dr - Freestanding FOR SALE


Decatur, GA 30032
$375,000 USD
404-207-2278
1816-1820 Austin Dr, Decatur, GA for Sale
$375,000 USD
Freestanding - FOR SALE
1/8
null | 9.12% Cap Rate

1816-1820 Austin Dr
Decatur, GA 30032


HIGHLIGHTS

  • Growing Residential Neighborhood In Decatur with heavy foot traffic
  • NNN Tenants doing new contruction
  • Long-term Tenants can increase rent

OVERVIEW

Prime NNN Investment in growing Decatur. This Two-Suite commercial building is located less than a half mile from the I-285 exit. There is one existing restaurant and one event space. Both are long-term tenants, and the event space just signed the lease while the restaurant is up for renewal. The current Cap Rate is 8.55% but is expected to increase to a combined rent of $3,271/mo, making it 10.4%. This is an NNN property. The Roof and HVAC system are new. Seller Financing with $250,000 down can be considered. NOTE: The side that is boarded up is temporary while the tenant sets up the space for his business. It is inside I-285, just off of Glenwood Road. It is conveniently located near I-285, I-20, and downtown Atlanta.

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

9.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Austin Plaza (2 NNN Tenants Decatur)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

CROSS STREETS

Glenwood Rd

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

C1

APN/PARCEL ID

15-189-07-022

ASK ABOUT THIS PROPERTY

Pratik KaranVirtual Properties RealtyMore Info
404-207-2278

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Pratik KaranVirtual Properties RealtyMore Info
404-207-2278

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.