2645 N Berkeley Lake Rd - Storefront CONDO FOR SALE


Duluth, GA 30096
$360,000 USD
404-519-7233
2645 N Berkeley Lake Rd, Duluth, GA for Sale
$360,000 USD
Storefront CONDO - FOR SALE
1/22
null | 6.75% Cap Rate

2645 N Berkeley Lake Rd
Duluth, GA 30096


HIGHLIGHTS

  • rare opportunity to acquire one of the last affordable retail spaces in the high-demand Duluth area
  • 5-year long-term lease agreement that remains in effect until August 31, 2028
  • Landlords benefit from a hassle-free, low-maintenance investment as the Condo Association (COA) oversees professional property management and building

OVERVIEW

1. A rare opportunity to acquire one of the last affordable retail spaces in the high-demand Duluth area. 2. A 5-year long-term lease agreement remains in effect until August 31, 2028. 3. Investment value is enhanced by $100 annual monthly rent increases that serve as a consistent hedge against inflation. 4. 6.75% CAP rate based on the $360,000 asking price with significant potential for future income growth. 5. Landlords benefit from a hassle-free, low-maintenance investment as the Condo Association (COA) oversees professional property management and building maintenance

FOR SALE DETAILS

PRICE

$360,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

6.75%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2645 N Berkeley Lake Rd #123 Duluth, GA 30096

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

16,638 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

473

LAND DETAILS

LAND ACRES

14.5 AC

LAND SF

631,620 SF

ZONING

PUD

APN/PARCEL ID

6-261-076

ASK ABOUT THIS PROPERTY

Jung LeeReal Estate FactoryMore Info
404-519-7233

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Jung LeeReal Estate FactoryMore Info
404-519-7233

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