1403 Iris Dr Conyers, GA 30013
- Flex space
- 18,648 SF
Current Use by Public Records
- Genius In Tech / Computer Repair Service / Computer Accessories Store
- One Pool Store / Swim Club
- G&C Auto Repairs / Auto Repair Shop
- AMC LUXURY AUTO WRAP / Auto Painting
- Binky's Customs / Auto Repair Shop / Auto Body Shop
Property Details for 1403 Iris Dr
- Property size
- 18,648 SF
- Property type
- Flex space
Description
This exceptional 18,648-square-foot multi-tenant industrial flex property, located at 1403 Iris Dr SE in Conyers, Georgia (zip code 30013), presents a compelling value-add investment opportunity. Currently boasting 100% occupancy and a strong 9.30% capitalization rate based on the current net operating income, this asset offers significant potential for increased profitability through strategic lease adjustments. The property is zoned C2 (General Commercial District) within Rockdale County, allowing for a diverse range of uses. The asking price is $1,975,000, translating to $105.91 per square foot. The building operates under a modified lease structure. This well-located property provides immediate cash flow and the potential for long-term appreciation. Its multi-tenant nature mitigates risk and offers a diversified income stream. The property's flexible zoning and existing tenant base make it an attractive investment for both seasoned and emerging investors seeking a strong return in the thriving Conyers market. This is a rare opportunity to acquire a high-performing industrial asset with significant upside potential. The property's location in Rockdale County, Georgia offers easy access to major transportation routes, further enhancing its appeal and investment value. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conyers
- County
- Rockdale
- State
- Georgia
- Longitude
- -83.9992306
- Latitude
- 33.648859
