For Sale
$249,900

284 Main StJonesboro, GA 30236

High-yield, multi-tenant office building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional commercial property, located at 284 N Main St, Jonesboro, GA 30236, presents a compelling investment opportunity. The 2,067 square foot building, constructed in 1965, boasts a Class B rating and features three units across three buildings, each situated on a single story. Currently 100% occupied by two long-term tenants, generating a substantial net operating income (NOI) of $15,000 and a 6.00% cap rate, this property offers immediate cash flow. The property includes ample parking (6 spaces), a detached storage building, and a secondary space with an office, conference room, kitchen, and bathroom. The interior features spacious offices, two full baths, and a kitchen. Recent upgrades include a newer roof and HVAC units. Situated on a level lot in a high-traffic area, this property enjoys excellent visibility along Main Street, with convenient access to Highway 19/41, Interstate 75, and Hartsfield-Jackson Atlanta International Airport (20 minutes away). The property is zoned for commercial use and offers significant potential for value-add opportunities. This is a rare chance to acquire a prime commercial property in the heart of Jonesboro. The asking price is $249,900. This net lease investment is perfect for a savvy investor seeking strong returns and long-term stability.

Highlights

  • Prime Jonesboro commercial office building with two long-term tenants and value-add potential.
  • High-traffic location in Jonesboro, ideal for diverse businesses.
  • Spacious offices, two baths, kitchen, porch, ample front & rear parking, detached storage building, and a secondary space with office, conference room, and kitchen/bath.
  • Level lot, newer roof and HVAC systems.
  • Main Street location, high visibility, near Historic Downtown Jonesboro, Highways 19/41 & I-75, and 20 minutes from Hartsfield-Jackson Atlanta International Airport.

Property Details for 284 Main St

Property type
Retail properties, Office properties
Square Feet
2,067 SF
Class
B
Year Built
1965
Buildings
3
Stories
1
Units
3

Location Insight

City
Jonesboro
County
Clayton
State
Georgia
Latitude
33.5339686
Longitude
-84.3578402
284 Main St, Jonesboro, Georgia

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284 Main St
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