1160 Grimes Bridge RdRoswell, GA 30075

Property Details for 1160 Grimes Bridge Rd

Year built

1985

Construction

WOOD

Lot size

0.04 AC

Property size (Sq ft)

1,752 SF

Zone code

C3

Property type

Office properties

Property subtype

Other office properties

APN

12 209604880072

APU

12209604880072

Description

This exceptional 2,176 sq ft office condo presents a compelling investment opportunity in Roswell, GA. Located in the desirable Roswell Depot, this property boasts a prime location just off Grimes Bridge Road and Holcomb Bridge Road, offering high visibility and easy access to GA 400. The unit features four private offices with elegant designer finishes, a spacious grand room ideal for collaboration and meetings, a cozy loft area, two bathrooms, and a kitchenette. The open-concept layout of the grand room includes a designated conference area, enhancing functionality. This storefront anchor unit benefits from its proximity to numerous national retailers and service providers, as well as the walkable and vibrant Canton Street, just minutes away. A long-term tenant is currently in place with five years remaining on their lease, providing immediate cash flow and the potential for increased rental income through scheduled rate increases. The 0.05-acre lot ensures ample space for this highly sought-after office space, making it an ideal investment for those seeking a stable, high-return property in a thriving location. The property's proximity to Historic Roswell and its high-traffic visibility further enhance its appeal. This is a motivated seller opportunity. Don't miss out!

• CAP approach

  CAP return

  Valuation

  6%

  $385,987

  6.5%

  $356,296

  7%

  $330,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $293,954

  Geo Method

  $107,538

• Alternative Use

  Use

  Valuation

  Residential

  $441,807

  Hospitality

  $404,693

  Educational

  $336,699

  Medical

  $348,279

  Retail

  $523,755

Location Insight

City

Roswell

County

Fulton

State

Georgia

Latitude

34.0302

Longitude

-84.3432

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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