Riverdale, GA 30274,6944 Highway 85
Riverdale, GA 30274,6944 Highway 85
Riverdale, GA 30274,6944 Highway 85
$565,000
Est. payment /mo
$600,000
5.8%
Est.Price: ?

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13,198 SqFt
SOLD DATE : 06/28/2024

Key Details

Sold Price $565,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 13,198 sqft

Price per Sqft $42

MLS Listing ID 10299330

Sold Date 06/28/24

HOA Y/N No

Year Built 1983

Annual Tax Amount $9,549

Tax Year 2023

Lot Size 1.280 Acres

Acres 1.28

Lot Dimensions 1.28

Source Georgia MLS 2

Property Description

Introducing a prime investment opportunity! This office building sits majestically on a sprawling 1.28-acre lot, strategically positioned along a bustling highway renowned for its high traffic volume. Drawing an average of 34,700 cars daily, with peak counts reaching up to 45,500 vehicles or more, this location guarantees unmatched visibility and accessibility, making it an ideal hub for businesses craving maximum exposure. Boasting a cap rate exceeding 10%, this property is a lucrative income-generating asset from day one. Whether you're expanding your portfolio or diving into commercial real estate, this opportunity promises immediate returns and long-term potential. 11 of 13 doors are currently rented out, so there is potential for an even better cap rate! Seize the chance to secure a prized asset in a high-demand location-schedule a viewing today and unlock the endless possibilities this investment holds!

Location

State GA

County Clayton

Zoning C- Commercial

Interior

Heating Other

Cooling Other

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Electricity Available, Other, Water Available

View Y/N No

Garage No

Private Pool No

Building

Lot Description City Lot

Faces From Riverdale, follow Church Street to Main Street, then turn right onto Highway 85. Turn left and proceed for 305 feet, and the property will be on your left.

Sewer Public Sewer

Water Public

Structure Type Other

New Construction No

Others

Tax ID 13170B A008

Special Listing Condition Resale

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Georgia MLS - GAMLS

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agent

Nathaniel Snyder

+1(912) 695-5245

CEO/Owner | License ID: 375119

CEO/Owner License ID: 375119

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