For Sale
$850,000

442 Park DrGrovetown, GA 30813

4,024 SF Medical/Office, Vacant, $850K

Overview

Added:
Dec 11, 2024
Days on market:
115
This 4,024 square foot Class B office building, situated on a 0.46-acre lot in Grovetown, Georgia (zip code 30813), is available for $850,000. Built in 1995, the property boasts a 5.75% cap rate and a current NOI of $48,887. Previously used as a dialysis center, the layout features a large open area with perimeter offices. The building is currently vacant but benefits from a new roof and is undergoing tenant improvements as part of a new lease agreement. This C-2 zoned property enjoys a convenient location off I-20 at the Belair Road exit, near Fort Eisenhower and surrounded by numerous retail establishments including Cracker Barrel, McDonald's, and a Pilot Travel Center, ensuring high traffic and visibility. The property's strong location, combined with the potential for immediate income generation from a new tenant (a pharmaceutical laboratory with excellent credit), makes this an attractive investment opportunity. The tenant's lease includes a five-year initial term with three five-year renewal options. The building is a single unit structure.

Highlights

  • 4,024 SF Class B office building on a 0.46-acre lot in Grovetown, GA (30813).
  • Offered at $850,000 with a 5.75% cap rate and $48,887 current NOI.
  • Previously a dialysis center, now vacant, featuring a large open area with perimeter offices; new roof and tenant improvements underway.
  • C-2 zoning; excellent I-20 visibility near Belair Rd exit, Fort Eisenhower, and numerous retail amenities.
  • New five-year lease with three five-year options to a high-credit pharmaceutical lab tenant.

Property Details for 442 Park Dr

Property type
Office properties, Medical offices
Square Feet
4,024 SF
Class
B
Year Built
1995
Buildings
1
Lot Size (sq. ft)
20,038 SF
Units
1

Location Insight

City
Grovetown
County
Columbia
State
Georgia
Latitude
33.480050129085
Longitude
-82.134449461381
442 Park Dr, Grovetown, Georgia

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442 Park Dr
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