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13597195
13597196

2230 Rex Rd, Morrow, GA 30260 For Sale

AO
GA 253332
Cross Creek Realty
Listed by Cross Creek Realty
$2,000,000
980 days on market
Updated 40 days ago

Evangel Temple Church and Christian Academy

Details
Property Type Special Purpose
Sub Type Religious/Church
Square Footage 15,769
Net Rentable (SqFt) 15,769
Cap Rate 6%
NOI $120,000
Tenancy Vacant
Lease Type Absolute NNN
Rent Bumps No
Lease Options Lease Purchase
Price per SqFt $127
Year Built 1980
Buildings 1
Stories 2
Acreage 4.000
Zoning RS 110 - church, religious facility, synagogue, educational facility
Parking Spaces 100 spaces
Parking per 1,000 SqFt 6.34
Ceiling Height 26 ft

GROW YOUR CONGREGATION WITH THIS HIGHLY VISIBLE CHURCH IN MORROW

Marketing description

Aleathea Oates Properties is pleased to offer this distinct free-standing building located in the heart of Morrow. Amazing opportunity to grow your congregation, or add an additional location. The city of Morrow is not allowing anymore permits for churches. The building features a huge sanctuary with high ceilings, a fellowship hall, children’s church that can easily be transformed into a 24-hour daycare center to increase revenue, private office for the Pastor, a secretary’s office with plenty of storage space, kitchen has commercial grade restaurant equipment,.

The upper level is home to a private christian academy. Maintain management of the school and increase student and teacher capacity to maximize revenue. The school has 5 classrooms, a computer lab, cafeteria/lounge and reading area. 2 private offices. Playground surronding 4 acres, that could be used to build more class space.

Must see - too many features to name. BRING ALL OFFERS, MOTIVATED SELLER. PROOF OF FUNDS MUST ACCOMPANY ALL OFFERS.

ATTENTION: DO NOT GO TO THE PROPERTY UNLESS ACCOMPANIED BY THE BROKER WITH A CONFIRMED APPOINTMENT. THIS IS A VERY DELICATE SITUATION. PLEASE DO NOT APPROACH TEACHERS, STAFF, STUDENTS, OR PARENTS WITH ANY QUESTIONS.

Investment highlights

Excellent opportunity to grow your congregation, with this 15,769 S F freestanding building with RS 110 zoning on a 4 acre site. Current use is a church and accredited K-12 private christian academy.

Located in the center of Morrow on a high-traffic street. Built in 1980 with 26 ft ceiling.

Close to Interstates 75, 285, and 675, also located on Marta busline.

30 minutes from Downtown Atlanta

Listing Contacts

AO
GA 253332
Cross Creek Realty
Listed by Cross Creek Realty

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Loan Amount
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Annual Cash Flow
$120,000.00
$10,000.00/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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