Spacious Mixed-Use Property Available

100 Prospect Place, Alpharetta, GA 30005

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For Sale

Contact for pricing

Two-story office/mixed-use property with flexible space and recent upgrades.

Type:Office

Property size:

2,400 SF

Price / SF:

$218/SF

HighLights

Two properties for the price of one, offering flexibility and potential rental income.
Prime end‑unit location, close to Avalon, shops, and restaurants.
Two separate entrances and dedicated parking areas for convenient access.
Spacious, open layout adaptable for various business types or subdivision.
Two kitchens, two prep sinks, and brand‑new washer and dryers.
Recent upgrades including new hardwood flooring, fresh paint, and energy‑efficient LED lighting.

We can help!

Listing Contact

Kalani Verdine

Learn more

For Sale

Contact for pricing

Two-story office/mixed-use property with flexible space and recent upgrades.

Type:Office

Property size:

2,400 SF

Price / SF:

$218/SF

Added:: Feb 12, 2025
Days on Market:: 484
Last Refresh:: May 12 at 8:40 pm

Property Features for 100 Prospect Place

General Information

Standard status: Active
Size: 2,400 SF
Property subtype: Office

Building Details

Year Built: 2001

We can help!

Listing Contact

Kalani Verdine

Listing agent Kalani Verdine License #403217

Listing office Norluxe

Listing date Feb 12, 2025

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Norluxe

HighLights

Two properties for the price of one, offering flexibility and potential rental income.
Prime end‑unit location, close to Avalon, shops, and restaurants.
Two separate entrances and dedicated parking areas for convenient access.
Spacious, open layout adaptable for various business types or subdivision.
Two kitchens, two prep sinks, and brand‑new washer and dryers.
Recent upgrades including new hardwood flooring, fresh paint, and energy‑efficient LED lighting.

Overview

This two-story office/mixed-use property offers a spacious layout suitable for various business needs. The property includes two kitchens, brand-new washer and dryers, and two prep sinks. It features two separate entrances with dedicated parking areas, offering flexibility to operate as one unified space or subdivided into two separate units. A welcoming reception area provides a professional workspace. Recent upgrades include energy-efficient LED lighting throughout and new hardwood flooring downstairs, with freshly painted interiors upstairs. The property is located in a prime end-unit spot, nine minutes from Avalon and within walking distance of shops and restaurants.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$57.3k	$23.87
− Vacancy	−$14.4k	−$6.02
EGI	$42.9k	$17.85
− OpEx	−$10.7k	−$4.46
NOI	$32.1k	$13.39

2,400 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$459.1K

$401.7K – $535.7K (±1% cap)

NOI $32,139 @ 7.0% cap · market cap 6.12%

Second Best

Mixed Use

$416.6K

$364.5K – $486.0K (±1% cap)

NOI $29,160 @ 7.0% cap · market cap 5.55%

Theoretical Best

Office A

$670.9K

$587.0K – $782.7K (±1% cap)

NOI $46,962 @ 7.0% cap · market cap 8.95%

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

Location Intelligence

Current Use by Public Records

Leger Physical Therapy ... Medical Clinic Nextgen Pest Solutions Garden Center Aaron Pargman Physician Dr. Leger Pediatrician New Atlanta (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Alpharetta
County: Fulton
State: Georgia
Longitude: -84.2278119
Latitude: 34.0599082

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For sale
Mixed-use properties
GA
Alpharetta
30005
100 Prospect Place

What type of property is this?

Mixed-use property - Two-story office/mixed-use property with flexible space and recent upgrades.

Where is this mixed-use property located?

The property is located at 100 Prospect Place Alpharetta, GA.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Two properties for the price of one, offering flexibility and potential rental income.; Prime end‑unit location, close to Avalon, shops, and restaurants.; Two separate entrances and dedicated parking areas for convenient access.