For Sale
$345,000
706 Elm St Rockmart, GA 30153
High-yield storefront, multi-tenant retail building.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Prime Rockmart, GA investment opportunity: 6,600 SF building on a 0.31-acre lot with 20 parking spaces.
- Currently features two tenants with a 2.6-year lease remaining (June 1, 2024 - June 30, 2027), generating a $17,940 NOI and a 5.2% cap rate.
- Includes six drive-up storage units and 800 SF of leased upstairs space.
- Potential to lease two additional 1,000 SF spaces, increasing NOI to $31,740 and cap rate to 9.2%.
- Net rentable area is 4,200 SF; asking price is $345,000 ($52.27/SF).
Property Details for 706 Elm St
- Property type
- Retail properties, Retail space
- Square Feet
- 6,600 SF
- Class
- C
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 13,504 SF
Location Insight
- City
- Rockmart
- County
- Polk
- State
- Georgia
- Latitude
- 34.00238976088
- Longitude
- -85.059513531994
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield storefront, multi-tenant retail building.
- Where is the retail property located?
- The property is located at 706 Elm St Rockmart, GA.
- What is the asking price?
- The asking price for this property is $345,000.
- What are key features of this property?
- This property features: Prime Rockmart, GA investment opportunity: 6,600 SF building on a 0.31-acre lot with 20 parking spaces.; Currently features two tenants with a 2.6-year lease remaining (June 1, 2024 - June 30, 2027), generating a $17,940 NOI and a 5.2% cap rate.; Includes six drive-up storage units and 800 SF of leased upstairs space.
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