480 Old Canton Rd - Office FOR SALE


Ball Ground, GA 30107
$4,500,000 USD
770-874-9210
480 Old Canton Rd, Ball Ground, GA for Sale
$4,500,000 USD
Office - FOR SALE
1/19
null | 7.82% Cap Rate

480 Old Canton Rd
Ball Ground, GA 30107


HIGHLIGHTS

  • Proforma NOI over $350,000; 7.8% CAP Rate
  • Adaptive re-use of Historic Ball Ground Elementary School
  • 89% occupied
  • Commercial Kitchen Available
  • Steps from Downtown Ball Ground, GA with unique restaurants and retail

OVERVIEW

Investment deal in mixed-use center with professional office and retail space. Located in the renovated historic Ball Ground Elementary School, re-named "The Elm" and making for unique feel of property and adaptive re-use of historic building. 11 current tenants, and 13 total tenant spaces ranging from 644SF to over 8,000SF with current occupancy rate of 89%. These private office suites have been fully renovated and are suitable for both small and growing businesses with some sharing access to common areas, including bathrooms and some with fitted with fully private bathrooms. The two suites remaining for lease include 1700+SF "lunchroom" - an open area space that is perfect blank space for incoming business, and a 990SF space fit for commercial kitchen, which could easily be fitted for offices with private bathroom. Annualized Proforma NOI, based on 100% occupancy is over $350,000 with all leases in place having annual escalations of at least 3%. Common Area Maintenance Fees are paid by all tenants and cover expenses such as utilities, landscaping, trash services, security and janitorial expenses. The Elm is located a short drive from Interstate-575, just over a mile and a half away, which connects to Interstate-75 and Hwy-515, for easy commute from Canton, GA or Jasper, GA. Ball Ground is seeing an increase in growth as it is located in one of the more rapidly growing counties in the state of Georgia with an average yearly population increase over 6% each year since 2020 and healthy median household income over $100k.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

7.82%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

CC-T

APN/PARCEL ID

04N04C-00000-013-00A-0000

ASK ABOUT THIS PROPERTY

Emily HardigreeThe Good GroupMore Info
770-874-9210

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Emily HardigreeThe Good GroupMore Info
770-874-9210

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