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    57 Martin Luther King Dr, Unit Reynolds Reynolds, GA 31076

    For Sale
    $725,000

    Multi-tenant medical office building with leased unit and available space.

    Building Details

    Year built
    2000

    Source: Deidra Stewart Agent Deidra Stewart

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

    Overview

    Medical Office Investment Opportunity

    This multi-tenant medical office building offers an investment opportunity, with one unit currently leased to Mercer Medicine. Constructed in 2000, the building has a total area of 7,608 square feet, divided into two units. Unit 1, comprising 3,750 square feet, is leased to Mercer Medicine at a base rate of $3,200 per month. Unit 2, which is available, offers 3,858 square feet at a lease rate of $9.00 per square foot ($2,893.50 per month). Unit 2 includes a foyer, three private offices, three large open rooms, a kitchen, a storage room, and four restrooms, one of which has a shower. The property is situated on 0.90 acres and features a fenced rear courtyard. Parking is available in the front and side of the building. The building is equipped with four HVAC units, a fire alarm, and an alarm system. The 2024 property tax bill was $4,550. The property's location is suitable for various uses, including a daycare, dance studio, physical rehabilitation facility, or medical supplies sales.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mercer Medicine Taylor ... Medical Clinic

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Pharmacy Clothing Store Hotel & Motel Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Reynolds
    County
    Taylor
    State
    Georgia
    Longitude
    -84.095711
    Latitude
    32.564306

    Nearby Similar for Sale

    • $890,000
      7,608 SF

      7,608± SF Multi-Tenant Medical Office For Sale or Lease

      7,608± SF Multi-Tenant Medical Office For Sale or Lease
      57 Martin Luther King Drive, Reynolds, GA 31076
      View Details

    FAQs

    What type of property is this?
    Medical office - Multi-tenant medical office building with leased unit and available space.
    Where is this medical office located?
    The property is located at 57 Martin Luther King Dr, Unit Reynolds Reynolds, GA.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Half of the building is leased to Mercer Medicine, providing immediate rental income.; - Available 3,858± SF unit suitable for various businesses.; - Located in a great location for medical or other businesses.
    (478) 746-8171
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    57 Martin Luther King Dr, Unit Reynolds Reynolds, GA 31076
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