216 Memorial Dr Dallas, GA 30132

Property Details for 216 Memorial Dr

Lot size

0.30 lot acres

Property size

1,500 SF

Property type

Medical offices

Property subtype

Office space

Description

This fee-simple commercial property in Dallas, GA, presents a compelling investment opportunity. Located at 216 E Memorial Dr, this Class B office building boasts 1,500 square feet of space, currently 100% occupied, generating a $28,800 net operating income (NOI) and a 9.60% cap rate. The asking price is $300,000, translating to $200 per square foot. The property is zoned C-2 and sits on a 0.3-acre lot, with a potential additional approximately 0.1 acre gravel lot available behind the building. Recent renovations include a new roof and a sleek Hardie Plank exterior. The interior features a large front showroom, a conference room, two offices, a full bathroom, and ample storage space, including a walk-in cooler that could be repurposed. Ample parking is available on-site. The property enjoys high visibility, situated on a road with 25,000 cars passing daily, and is conveniently located near restaurants and shops. The sale includes a leaseback option. This property is ideal for a variety of businesses, including those needing office space and additional storage for equipment. A survey is on file. The location is poised for further development with a new roundabout planned for 2027 by the Department of Transportation. Over 100 feet of road frontage provides excellent visibility. The property offers a small patio area for outdoor use. Potential rental income is estimated at $3,500-$4,000 per month.