Current Use by Public Records
- Office Spaces
Property Details for 442 Park Dr
- Year built
- 1995
- Lot size
- 0.46 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This 4,024 square foot Class B office building, situated on a 0.46-acre lot in Grovetown, Georgia (zip code 30813), is available for $850,000. Built in 1995, the property boasts a 5.75% cap rate and a current NOI of $48,887. Previously used as a dialysis center, the layout features a large open area with perimeter offices. The building is currently vacant but benefits from a new roof and is undergoing tenant improvements as part of a new lease agreement. This C-2 zoned property enjoys a convenient location off I-20 at the Belair Road exit, near Fort Eisenhower and surrounded by numerous retail establishments including Cracker Barrel, McDonald's, and a Pilot Travel Center, ensuring high traffic and visibility. The property's strong location, combined with the potential for immediate income generation from a new tenant (a pharmaceutical laboratory with excellent credit), makes this an attractive investment opportunity. The tenant's lease includes a five-year initial term with three five-year renewal options. The building is a single unit structure.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grovetown
- County
- Columbia
- State
- Georgia
- Longitude
- -82.1345
- Latitude
- 33.48
