373 Highway 138, Riverdale, GA 30274
9,000 SF | 100% Leased | Retail Building | Riverdale, GA 30274 | $1,550,000 ($172/SF) | 7.10% Cap Rate
For Sale
Active
Asking Price $1,550,000
- Property Type
-
Retail
- Square Feet
- 9,000 SF
- Price / Square Foot
- $172
Listing Contacts
- Property Info
Property Overview
We are asking for $1,550,000 based on a pro forma at 100% actual occupancy. Alternatively, to the CASH BUYER, the property is available for $1,100,000 in its current "AS IS" condition. The property was fully occupied until recently when the owner vacated tenants from three spaces (#B, #C, and #D). Space #D may remain if it secures a business license for a nail salon, although the city's zoning code currently prohibits beauty-related businesses, such as nail salons, from operating near hair braiding or other similar services. The seller has been handling leasing, maintenance, and management through an in-house group but is now getting busier with their main business and has little time to manage the property.
Property Details
- Class
- C
- Year Built
- 1987
- Stories
- 1
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 36,155 SF
Highlights
- $450,000 possible saving deal
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