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529 Newnan ST Carrollton, GA 30117
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Key Details
Sold Price $615,000
Property Type Commercial
Sub Type Commercial,Office
Listing Status Sold
Purchase Type For Sale
Square Footage 4,255 sqft
Price per Sqft $144
MLS Listing ID 10454155
Sold Date 04/17/25
HOA Y/N No
Originating Board Georgia MLS 2
Year Built 1989
Annual Tax Amount $6,676
Tax Year 2023
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 11325.6
Property Sub-Type Commercial,Office
Property Description
Located in the heart of downtown Carrollton, this property offers a great investment opportunity. The proximity to the downtown area enhances both property value appreciation and tenant stability. A 3-year Triple Net Lease from March 2025 to February 2028 is in place and offers security and a guaranteed income stream to the investor. The CAP rate is 9.76 at the asking price which is a good return on investment. The building and office is in good condition and its value will appreciate over time adding more to the investment's potential. For the buyer looking for Cash Flow and Appreciation, you need to take a look at this one.
Location
State GA
County Carroll
Zoning Office and Institutional
Interior
Heating Central, Hot Water, Natural Gas
Cooling Central Air
Flooring Carpet
Fireplace No
Exterior
Parking Features Parking Lot, Paved
Garage Spaces 11.0
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
View Y/N No
Roof Type Composition
Total Parking Spaces 11
Garage No
Private Pool No
Building
Lot Description Business Park, Level
Faces Interstate 20 exit 24 go south on Hwy 61 into Carrollton. Hwy 61 turns into Bankhead Hwy and then Newnan Street. The property will be on the left just past South Coleman Street. If you get to S. White Street you have gone too far. The office sits in the back of the parking lot on the right
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Others
Tax ID C05 0060021
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Resale
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