Listed by BellStreet
$3,200,000
Office/Medical - Smyrna GA 573-577 Concord Rd
Details
Property Type Office
Sub Type Traditional Office, Medical Office
Square Footage 13,200
Units 75
Occupancy 75%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Class B
Year Built 1974
Year Renovated 2025
Buildings 2
Stories 1
Acreage 2.380
Zoning OI
Parking Spaces spaces
Investment Type Value Add
Office | 13,200 SqFt
Marketing description
Introducing an exceptional investment opportunity in the heart of the thriving Smyrna area. This impressive property boasts two buildings (Building 573, +/-7,200SF and Building 577, +/-6,000SF with 4 well-appointed units in each building, offering versatile spaces for a range of office requirements. Built in 1974 and 1977 and zoned O-I, this prime location provides a secure foundation for long-term investments. The property's strategic positioning in Smyrna presents a compelling proposition for office building investors seeking a dynamic and prosperous market. Don't miss the chance to leverage this remarkable property's potential in one of Georgia's most sought-after commercial districts.
Investment highlights
Investment Highlights | 573–577 Concord Road SE | Smyrna, GA
- 13,200 SF Medical & Professional Office Investment situated on 2.38 acres in one of Smyrna's most established office corridors.
- Well-Maintained Asset that has been meticulously cared for over the years, offering investors a clean, professional property with minimal deferred maintenance.
- Recent Capital Improvements including a new roof on Building 573 (August 2025) and a parking lot resealed in February 2025.
- Value-Add Opportunity with two remaining vacancies, allowing investors to increase occupancy, NOI, and overall asset value through lease-up.
- Stable Tenant Base anchored by long-term dental and professional office tenants, including multiple tenants with lease terms extending through 2031.
- Projected Strong Returns Upon Stabilization with the opportunity to achieve a cap rate exceeding current in-place performance as remaining space is leased.
- Medical & Office Tenant Mix provides diversified income streams while benefiting from the strong demand for neighborhood medical and professional office space.
- Quiet, Professional Office Park Environment that appeals to healthcare providers, professional services firms, and educational/testing users seeking a convenient and peaceful setting.
- Excellent Smyrna Location with easy access to South Cobb Drive, Atlanta Road, East-West Connector, and I-285, placing tenants within minutes of The Battery Atlanta and major employment centers.
- Strong Demographics & Growth Corridor supported by continued residential and commercial development throughout Smyrna and Cobb County.
- Below Replacement Cost Opportunity in a market where construction and build-out costs for medical and office product continue to increase.
- Flexible Investment Strategy offering investors stable in-place income today with meaningful upside through lease-up and future rent growth.
Listing Contacts
Listed by BellStreet
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