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288 Riley Rd Dahlonega, GA 30533

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For Sale
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Multi-tenant warehouse, high ROI potential.

Property size:
6,400 SF

Property Features for 288 Riley Rd

General Information

Property type
Distribution centers
Square Feet
6,400 SF
Lot Size
27,878 SF

Building Details

Year Built
2010
Buildings
3

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Listing Contact
Kevin Dierkes

Listing Agency: SMG Realty Listing Agent: Kevin Dierkes

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

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Property Insight Report

Overview

Exceptional value-add opportunity awaits with this three-building warehouse complex located at 288 Riley Road, Dahlonega, GA 30533. This 6,400 square foot property sits on a 0.64-acre lot and boasts a current NOI of $50,000, translating to a 7.15% cap rate. However, with a pro-forma NOI of $84,000, the potential cap rate jumps to an impressive 12.02%. Currently 65% occupied, this multi-tenant warehouse presents significant upside potential for increased occupancy and revenue. Built in 2010, the property benefits from its prime location near the University of North Georgia and downtown Dahlonega, ensuring high visibility and convenient access. The property includes a self-storage facility with 55 units and U-Haul rentals, providing diversified income streams. Its proximity to the Lumpkin County Courthouse and the recently opened Whataburger further enhances its desirability. This net-lease property offers a compelling investment opportunity in a thriving Georgia market. The property's strategic location and potential for increased profitability make it an ideal addition to any commercial real estate portfolio. Don't miss this chance to acquire a well-positioned asset with substantial growth potential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Dahlonega Same Day ... Storage Facility U-Haul Neighborhood Dealer Car Rental Facility

Suggested Use

Real Estate Agency Restaurant Building Supply Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Dahlonega
County
Lumpkin - GA
State
Georgia
Longitude
-83.9770269
Latitude
34.5285924

FAQs

What type of property is this?
Distribution center - Multi-tenant warehouse, high ROI potential.
Where is this distribution center located?
The property is located at 288 Riley Rd Dahlonega, GA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three-building warehouse complex totaling 6,400 square feet on a 0.64-acre lot in Dahlonega, GA.; Currently generating $50,000 NOI with a 7.15% cap rate; pro-forma NOI of $84,000 projects a 12.02% cap rate.; 65% occupancy with significant upside potential for increased revenue.
(404) 805-3445 Call to check price and availability
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