Property Details for 216 Memorial Dr

Lot size

0.30 lot acres

Property size

1,500 SF

Property type

Medical Office Space

Property subtype

Office Units

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.

Location Insight

City

Dallas

County

Paulding

State

Georgia

Longitude

-84.835284040213

Latitude

33.925437637476