Current Use by Public Records
- Office Spaces
Property Details for 12811 Veterans Memorial Hwy
- Year built
- 1973
- Property type
- Office Spaces
Description
This exceptional investment opportunity presents a two-story, 12,000 square foot Class C office building situated on a 24,829 square foot lot in Douglasville, Georgia. The property, located at 7274 Bankhead Highway, boasts a strong NOI of $123,127, resulting in an attractive 11.40% cap rate at an asking price of $1,080,000. Currently housing eight diverse tenants including Camp Law, Market Results, The Phisp of Greater Atl, Working Thru Christ, Bros Auto, A-Z, Infinite Oasis Spa Higgins, and Advanced Concrete Cut, this multi-tenant building offers a stable income stream and reduced vacancy risk. Built in 1973, the property is zoned IL and features one building with eight units. The substantial lot size presents potential for future expansion or development. This prime investment is ideally located in Douglas County, Georgia, offering significant potential for long-term growth and profitability in a thriving market. The property's strong financial performance, coupled with its desirable location and diverse tenancy, makes it an attractive proposition for discerning investors seeking a stable and high-yielding asset. The APN is 01910250046. There is no ground lease.
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Location Insight
- Map
- Local Demand
- City
- Douglasville
- County
- Douglas
- State
- Georgia
- Longitude
- -84.7657
- Latitude
- 33.7444
