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Commercial Property · For Sale

256 Douglas Hwy, Hazlehurst Active

1 view · 1 this week

Asking price
$1,500,000
Price / SF
$68.81
Cap rate
Sale type
Property type
Property subtype
Building class
Building size
21,800 sq ft
Year built
1972
NOI
Tenancy
Building height
Building FAR
Lot size
2.00 acres
Zoning
Commercial
Frontage
Listing #
EN-21235
MLS #
10841714

Exceptional income-producing commercial investment situated on a highly visible corner lot with approximately 2 acres and 21,800 total square feet. The original 10,000 SF building was constructed in 1972, followed by a 10,000 SF addition in 1998 and a recently added 1,800 SF warehouse expansion. The property has been extensively renovated in recent years and is currently 100% occupied across five units with strong 3-5 year lease terms. City Electric Supply is secured by a 5-year lease with two additional 5-year renewal options. Generating approximately $13,400 per month ($160,800 annually) in gross rental income, with annual property taxes of approximately $3,800 and insurance of only $2,500, this property offers an excellent opportunity to acquire a stabilized, fully leased commercial asset with long-term income potential.

Location

GAMLS
Listed by Elevation Property Group
© 2021 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. · MLS# 10841714

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