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7870696
7870692

6324 Old Dixie Hwy -Unit A, Forest Park, GA 30297

AB
GA 279172
Badon Commercial Real Estate
Listed by Badon Commercial Real Estate
$975,000
1382 days on market
Updated 9 days ago

6324 Old Dixie Hwy

Details
Property Type Retail
Sub Type Storefront
Square Footage 1,043
Units 2
Cap Rate 7.18%
NOI $70,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $935
Class C
Year Built 1987
Buildings 1
Stories 1
Zoning ODHTL
Investment Type Stabilized

Stabalized investment deal.

Marketing description

Investment property with two tenants, Velox Insurance & JR CricketRestaurant and Lounge. Great opportunity for 1031 tax exchange, owner/user, or buy and hold for corridor expansion.

Unit A is available for immediate occupancy. Space ideal for community financial services; (i e. Check Cashing, Title Loans, Insurance Agency, Bail Bonds etc.) or Personal grooming; (i.e. Nail Salon, Wax Lab, Hair Salon or Barber etc.).

Extremely high visibility to major highways and thouroughfare.

Investment highlights

Freestanding value-add retail building situated on +/- 0.55 acres with great visibility and primed for future redevelopment in the corridor. This income-producing property has two tenants and can be secured as an investment property or owner/user. There are 25 parking spaces (over 4.63 ratios) and both adjacent properties are vacant.

Listing Contacts

AB
GA 279172
Badon Commercial Real Estate
Listed by Badon Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$70,000.00
$5,833.33/mo

Valuation Metrics

0
DSCR
7.18%
Cap Rate
7.18%
ROI

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