DTSpade is more than honored to present a wonderful multi-tenant retail value add opportunity for any investor interested in Metro Atlanta.
This a 9,768 square foot, 0.72-acre land that sits right off of Winder Hwy in Dacula. It has 2 Central HVAC units, and the rest of the units are PTAC. This is what hotels have which control the heat and air. The building has 11 units that range from 500 sqft to 2,500 sqft. The current costs are $47 for electric and $50 for water. The seller currently pays the landscaper $100 per month.
The area has a great traffic count and constant growth. It is zoned for C2 use which gives the property a variety of uses. It's in a highly busy location with over 118,000 people within 5 miles with an average household income of over $100,000. Dacula is also working on making a downtown area called the Dacula City Core. This will have an Ampitheater, retail shops, offices, restaurants, and other outdoor attractions for the community. This will be very close to the property, less than a mile away and within walking distance, making this retail center in a highly desirable location for future business.
The C2 zoning offers a wide range of property types. The City of Dacula won't legally allow gas stations right now as they are at the population limit for them. For a dealership it would require a Special Use Permit, and it wouldn't likely be seen as the best use for the area as they want it to be "downtown". One popular option is a bar/restaurant with multi-family vertically built on top. This would likely bring in the most revenue for the zoning. Please note the property does require some work from the city, notably some weather proofing. As mentioned before, this is a value-add property and is priced as such.
This property is also near major national retailers such as Publix, Chick-Fil-A, Zaxby's, McDonald's, Bojangles, and Kroger's. With so much to offer it's perfect for the right investor looking to maximize this property's potential.