For Sale
$325,000

808 Commerce BlvdRiverdale, GA 30296

Turnkey medical office, high rental potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 4,300 square foot medical office condo, located at 808 Commerce Blvd in Riverdale, Georgia 30296, presents a lucrative investment opportunity. The property is situated in Clayton County and offers a highly desirable turnkey setup. The lower level comprises a fully equipped 2,200 square foot doctor's office, ready for immediate occupancy. The upper level is thoughtfully divided into three or four smaller, individual offices, providing flexibility for various medical practices or support staff. This versatile layout allows for diverse income streams and potential for expansion. The asking price is $325,000. Based on a potential rental income of $15 per square foot plus $3 per square foot in NNN expenses, the property projects a monthly income of $6,450 at 100% occupancy. This translates to a potential capitalization rate of 19.8% at full occupancy, making it an attractive proposition for investors seeking strong returns. The property's prime location in Riverdale, Georgia ensures convenient access for patients and staff. This is a rare opportunity to acquire a well-established and income-generating medical office condo in a thriving market. Don't miss out on this exceptional investment.

Highlights

  • $325,000 asking price for a 4,300 square foot medical office condo.
  • Located at 808 Commerce Blvd, Riverdale, GA 30296.
  • Potential gross monthly income of $6,450 based on $15/SF + $3 NNN, representing a 19.8% cap rate at 100% occupancy.
  • Features a 2,200 square foot turnkey medical office on the ground floor and 3-4 smaller offices upstairs.

Property Details for 808 Commerce Blvd

Property type
Office properties, Medical offices

Location Insight

City
Riverdale
County
Clayton
State
Georgia
Latitude
33.5476573
Longitude
-84.4179641
808 Commerce Blvd, Riverdale, Georgia

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808 Commerce Blvd
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