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2720 Sylvan Road
East Point, Georgia GA 30344-3718
Price: $699,000
Listing ID 7094818
Status Active
Min Square Feet 6,574
Acres 0.707
Year Built 1955

Property Description:

LOCATION, LOCATION, LOCATION! This commercial retail property is located near the intersection of Sylvan Rd and Cleveland Ave with heavy traffic. You're just minutes from Hartsfield International Airport and Downtown Atlanta in one of Atlanta's growing opportunity zones. Currently occupied by long-term tenants. Copies of leases are available upon request. An exceptional Cap Rate & NOI make this the perfect portfolio addition for the wise investor. Phase 1 and Phase 2 surveys have been completed and are available upon request. Competitive pricing below market value reflects the cost of needed contamination remediation. Quotes have been obtained.

Primary Features

County: Fulton
Property Sub Type: Retail
Property Type: Commercial Sale
Year Built: 1955
Zoning: R3

Interior

Basement: None
Cooling: Central Air
Flooring: None
Heating: Central
Interior Features: Restrooms
Levels: One
Other Equipment: None
Room Basement Level: Basement

External

Construction Materials: Brick 4 Sides
Dock: None
Electric: Other
Fencing: None
Lot Features: Level, Sidewalk
Lot Size Dimensions: x
Lot Size Source: Assessor
Number Of Buildings: 2
Number of Entrances: 5
Other Structures: None
Parking Features: On Street, Parking Lot
Parking Total: 12
Property Attached: no
Road Frontage Type: City Street
Road Surface Type: Concrete
Roof: Other
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Body Name: None
Water Source: Public
Window Features: None

Location

Directions: Intersection of Sylvan Rd and Cleveland Ave
Recommended Zoning: Commercial
View: City
Waterfront Features: None

Additional

Accessibility Features: None
Assumable: no
Business Type: Retail
Documents Available: Aer Photo, Envi Study, Lease
Green Energy Efficient: None
Green Energy Generation: None
Loading Description: None
Mls Property Type: Commercial Sale
Mls Status: Active
Owner Second: no
Property Condition: Resale
Special Circumstances: Other

Financial

Cap Rate: 8.05
Current Price: 699000
Listing Terms: Cash, Other
Net Operating Income: 56300
Owner Financing: no
Owner Pays: Electricity, Exterior Maintenance, Sewer, Taxes, Trash Collection, Water
Sale Includes: Building Only
Special Listing Conditions: None
Tax Annual Amount: 9374
Tax Year: 2021

Zoning Info


Listing Provided Courtesy of Keller Williams Realty Atl North

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Schedule a Showing - Listing ID 7094818

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