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31824284
31824285

101 Bowens Mill Road Southwest, Douglas, GA 31533

BJ
Kunes Real Estate & Appraisals Inc
Listed by Kunes Real Estate & Appraisals Inc
$1,995,000
43 days on market
Updated 43 days ago
Opportunity zone

101 Bowens Mill Road

Details
Property Type Retail, Office (+1)
Square Footage 18,175
Units 75
Cap Rate 6.15%
Occupancy 90%
Tenancy Multi
Lease Type Gross
Remaining Term 1
Pro-Forma Cap Rate 8.00%
Year Built 1985
Year Renovated 2000,2018
Buildings 3
Acreage 2.870
Parking Spaces spaces
Ground Lease No

MAIN ON MAIN investment opportunity - 18,175 sqft of office & Retail

Investment highlights

MAIN ON MAIN investment opportunity to own a pristine multi-unit plaza located on one of the highest traffic corners in the fast growing Douglas market! Situated on just under 3 acres this property boasts over 18,000 sqft of retail and office space spread over three buildings that is currently leased to medical facilities. Currently 10 total units grossing nearly $150,0000 annually. Tenants have been in place for a number of years allowing for the new owner to add more income with rent increases. One vacant, stand-alone, bank building that would be a fantastic coffee or fast food location. The property is in excellent condition with each unit being well taken care of! Incredible land value with nearly 3 acres! Large paved parking! Projected income with full occupancy and market rents is over $180,000 with a pro forma cap rate of 8%. Potential for instant equity. Call today! Do not disturb tenants! Interior inspection allowed during DDP. Additional photos of interiors available.

Listing Contacts

BJ
Kunes Real Estate & Appraisals Inc
Listed by Kunes Real Estate & Appraisals Inc

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Additional Information

Name
Brandon Johnson
License
374627
Brokerage
Kunes Real Estate
Brokerage Phone
2293860440
Title
Agent
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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