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19093724
19093726

288 Riley Road, Dahlonega, GA 30533

SMG Realty
Listed by SMG Realty
$685,000
691 days on market
Updated 99 days ago

288 Riley Road

Details
Property Type Industrial, Retail
Sub Type Warehouse, Business
Square Footage 6,400
Cap Rate 9.49%
NOI $65,000
Occupancy 92%
Tenancy Multi
Lease Type Net
Pro-Forma Cap Rate 12.26%
Pro-Forma NOI $84,000
Year Built 2010
Buildings 3
Acreage 0.640
Investment Type Value Add

Industrial | 9.49% CAP | 6,400 SqFt

Marketing description

Discover a unique investment opportunity in Dahlonega, Georgia, with this detached property for sale featuring an established self-storage facility. Complex stays rented due to the University and Ranger Training Camp. Rents are below competitors and opportunity to raise the rents in the future. Comprising 55 unit storage units, this business can also add UHAUL rentals, adding a diversified income stream. Perfectly situated near the University of North Georgia (UNG) and the bustling Downtown area, the facility benefits from high visibility and traffic, making it a strategic business location. Just steps from the Lumpkin County Courthouse and the newly-opened Whataburger, this property presents a prime commercial real estate opportunity in a growing area. Don't miss out on owning a piece of Dahlonega's expanding enterprise landscape.

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Listing Contacts

SMG Realty
Listed by SMG Realty

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$65,000.00
$5,416.67/mo

Valuation Metrics

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DSCR
9.49%
Cap Rate
9.49%
ROI

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