1555 E Park Place Blvd - Storefront FOR SALE


Stone Mountain, GA 30087
$4,055,000 USD
770-317-5138
1555 E Park Place Blvd, Stone Mountain, GA for Sale
$4,055,000 USD
Storefront - FOR SALE
1/4
null | 7.25% Cap Rate

NEW


1555 E Park Place Blvd
Stone Mountain, GA 30087


OVERVIEW

COLLIERS’ SOUTHEAST INVESTMENT SALES TEAM IS PLEASED TO OFFER FOR SALE 1555 E PARK PLACE BLVD, a two-tenant retail / warehouse building in Stone Mountain, Georgia. The 50,000 SF building is 70% occupied by K&G Fashion Superstore who is in 35,000 SF and has a lease that expires in 2030. There is a 15,000 SF suite that is available for lease up or occupancy by a user owner. The asset is being marketed for sale at a price below replacement cost and pricing assumes no value on the vacancy. The building features a new roof (installed in November 2024) with a 20 year warranty and a recently resealed/striped parking lot.

FOR SALE DETAILS

PRICE

$4,055,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

5.55 AC

LAND SF

241,758 SF

ZONING

C2

APN/PARCEL ID

6-061-083

ASK ABOUT THIS PROPERTY

Scott IsraelColliersMore Info
770-317-5138

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Scott IsraelColliersMore Info
770-317-5138

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.