860 Hampton Rd Mcdonough, GA 30253-6514

Property Details for 860 Hampton Rd

Year built

2003

Construction

WOOD

Lot size

0.67 lot acres

Property size

3,000 SF

Zone code

C3

Property type

Office buildings

APN

092-01004006

APU

9201004006

Description

This 3,000 square foot Class A medical office building, located at 860 Hampton Rd, McDonough, GA 30253, presents a compelling value-add opportunity. Completely renovated in 2022, including a full medical office build-out, a new roof (2023), and restriped parking (2022), this single-story building boasts 14 parking spaces (including 2 handicap spaces) and excellent visibility on Highway 81/Hampton Road (25,000+ vehicles per day). The property sits on a 0.67-acre lot, zoned C3, and is conveniently located 7.7 miles from Piedmont Henry Hospital (215 beds) and less than half a mile from Interstate-75. With approximately $270,000 invested in recent renovations, this owner-user opportunity offers a pro-forma cap rate of 6.67% and a pro-forma NOI of $66,000. The asking price is $990,000 ($330/sq ft). The building is vacant, with an occupancy date of February 25, 2024. Situated in a thriving retail corridor with numerous new retail and multifamily developments underway, this property benefits from a high-growth submarket and is less than 32 minutes from Downtown Atlanta. The property's Henry County location within the Atlanta MSA offers significant potential for growth and return on investment. Built in 2003, this fee-simple property is ready for immediate occupancy.

Location Insight

City

Mcdonough

County

Henry

State

Georgia

Longitude

-84.1734

Latitude

33.4342

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments