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1924 Clairmont Rd Decatur, GA 30033

For Sale
$1,500,000

Multi-tenant office building, fully leased, high ROI potential.

Property size:
8,561 SF

Description

Added:
Feb 3, 2025
Days on Market:
315
This exceptional investment opportunity presents the St. Michael's Center, a two-story, multi-tenant office building situated at 1924 Clairmont Road in Decatur, Georgia. Spanning 7,558 square feet on a 0.7-acre lot, this property boasts 21 fully leased executive office spaces, ensuring immediate cash flow. Currently generating $111,180 in annual income, the building enjoys 100% occupancy with long-term tenants. A September 2024 appraisal valued the market lease at $151,160 annually, indicating significant upside potential. All existing leases are set to expire in 2025, providing the new owner with flexibility to either continue leasing or occupy the space entirely. Given the strong tenant base and many long-term leases, renewal is highly likely, making this a secure investment. The building is zoned O/I and is offered at a price slightly below its recent appraised value, presenting a compelling opportunity for investors seeking a stable, high-return asset in the desirable Decatur submarket. This is a rare chance to acquire a well-established property that has been under the same ownership for 50 years. The property includes a terrace level, adding to its overall appeal and functionality.

Property Features for 1924 Clairmont Rd

General Information

Property type
Office Properties & Spaces
Square Feet
8,561 SF
Lot Size
30,492 SF

Building Details

Year Built
1950

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Praxis Counseling Marriage Or Relationship Counselor Grazia Therapeutic Services Medical Clinic You Are Worthy, ... Counselor St. Michael's Center Non-Profit Organization Ruby Blow, LPC Counselor

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Decatur
County
Dekalb - GA
State
Georgia
Longitude
-84.30918
Latitude
33.81093

FAQs

What type of property is this?
Office Property / Space - Multi-tenant office building, fully leased, high ROI potential.
Where is this office property / space located?
The property is located at 1924 Clairmont Rd Decatur, GA.
What is the asking price?
The asking price for this property is $1,500,000.
More about this property
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