Fayetteville, GA 30214,110 Huntington Park DR
Fayetteville, GA 30214,110 Huntington Park DR
Fayetteville, GA 30214,110 Huntington Park DR
Fayetteville, GA 30214,110 Huntington Park DR
Fayetteville, GA 30214,110 Huntington Park DR
Fayetteville, GA 30214,110 Huntington Park DR
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$425,000

$495,000

14.1%
Est.Price: ?

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Est. payment /mo

7,846 SqFt


SOLD DATE : 09/11/2023

Key Details

Sold Price $425,000

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Square Footage 7,846 sqft

Price per Sqft $54

MLS Listing ID 7102139

Sold Date 09/11/23

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1985

Annual Tax Amount $2,370

Tax Year 2021

Lot Size 1.090 Acres

Acres 1.09

Property Description

(Agents see private) Potential $60k rental income. This 4-unit commercial property offers incredible income potential, located directly off of HWY 85, and directly across from Fayetteville Pavillion. The commercial unit square footage upstairs is ~4000 SF total, and the complex also offers 15 storage units, ranging in three different sizes located on the bottom backside. Commercial units are FULLY OCCUPIED, as the four units upstairs have been converted to two larger units. Two extremely long-term tenants. Both sides also have an extra basement unit, that can be separately rented or used as storage. The units have a kitchen, while one has a shower. Roof ~5 years old, HWH ~5 years old, 3 of 4 units, ~3 years old. Septic was pumped ~ 2 years ago. Currently offered with a cap rate of ~7% with GROSSLY undervalued rental rates and only ~5 of the 15 storage units occupied. Rental rates are ~$1 per SF in the surrounding area. Proforma cap rate ~10%. Land continues way beyond buildings and parking lots for opportunities for extended parking or more buildings. Property DOES NOT lie in Fayetteville city limits. You only have to answer to the county.

Location

State GA

County Fayette

Zoning C-CH

Lake Name None

Rooms

Other Rooms None

Basement Driveway Access, Exterior Entry

Interior

Interior Features Reception Area

Heating Central

Cooling Central Air

Flooring Other

Window Features None

Exterior

Garage Parking Lot

Fence None

Utilities Available Cable Available, Electricity Available, Water Available

Waterfront Description None

View Trees/Woods

Roof Type Other

Street Surface Asphalt

Accessibility None

Handicap Access None

Total Parking Spaces 20

Private Pool false

Building

Lot Description Business Park, Cul-De-Sac

Story One

Foundation Block

Level or Stories One

Structure Type Block,Brick Front,Vinyl Siding

New Construction No

Construction Status Resale

Others

Senior Community no

Tax ID 0538 070

Special Listing Condition None

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First Multiple Listing Service(FMLS)
Listed by EXP Realty, LLC.
Bought with Compass
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