1085 Frst Pkwy Forest Park, GA 30297

Property Details for 1085 Frst Pkwy

Year built

1986

Lot size

0.54 lot acres

Property size

5,680 SF

Zone code

C

Property type

Strip malls

Property subtype

Neighborhood centers

APN

13-049D- A-017

APU

13049DA017

Description

This Forest Park, Georgia storefront presents a compelling value-add opportunity for investors. The 6,329 square foot, two-story building, constructed in 1986, boasts a current 100% occupancy rate across multiple tenants, generating a strong net operating income (NOI) of $49,849 and a 7.67% capitalization rate. Priced at $650,000 ($102 per square foot), the property offers significant upside potential. Current average rents are $9.48 per square foot, considerably below market rates of $12-$14 per square foot for comparable properties in the area. This discrepancy presents an immediate opportunity to increase profitability through lease renegotiations or tenant turnover. The gross lease structure simplifies landlord responsibilities, which are limited to taxes, insurance, and repairs; tenants cover their own utilities and landscaping. Located at 1085 Forest Parkway in Clayton County (zip code 30297), the property benefits from its position within the rapidly expanding Atlanta Metropolitan Statistical Area (MSA), a densely populated region with 54,406 people within a three-mile radius. The property features a parking ratio of 3.95 spaces per unit. This fee-simple ownership offers a strong cash flow with the potential for substantial appreciation. The property's Class B designation and multi-tenancy structure further enhance its investment appeal.

Location Insight

City

Forest Park

County

Clayton

State

Georgia

Longitude

-84.3549

Latitude

33.6168

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments