27 W Doyle Steet, Toccoa Active

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Historic Downtown Toccoa is booming! This building is screaming opportunity!! Current CAP Rate (Capitalization Rate or Return on Investment) with only one tenant - 10% Cap Rate formula used: Income = $25,416 annually - Operating Expense 20% = $20,332.80 Net Operating Income divided by the purchase price. 3 Ground Level Entrances for rental opportunities. 7/1/22 – 6/30/23 | Monthly $2,118.75 | Annual $25,425.00 7/1/23 – 6/30/24 | Monthly $2,500.00 | Annual $30,000.00 7/1/24 – 6/30/25 | Monthly $2,700.00 | Annual $32,400.00 Available for lease - previous SCDA space, good condition - includes large reception area/office, restrooms, break room, conference room and 4 offices. Another store front facing Doyle Street is ready for renovation and could be income producing. Building sold "as is" - work needed. Facade Grants available per entrance - information available Tax Credits available - can be used over a 10 year period The Department of Juvenile Justice occupies 27 W Doyle. Please do not disturb. The building requires special arrangements to be shown. Please allow 60 days for closing if your buyer decides to make an offer.Preferred attorney:  Sanders, Ranck and Skilling.A New survey has been ordered and a new legal description will be prepared from the new survey.The property will include an easement for the owners of 111 Sage St. to use the back door.

Location

Listed by Hammock Realty North Georgia

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