529 Newnan StCarrollton, GA 30117

Property Details for 529 Newnan St

Lot size

0.20 AC

Zone code

OI

Property type

Commercial real estate

APN

C05-006-0022

APU

C050060022

Description

This Class A, two-story office building at 529 Newnan Street in Carrollton, Georgia, offers 4,255 square feet of space in a highly desirable downtown location. Built in 1989 and renovated in 2019, the property boasts a 100% occupancy rate with a multi-tenant configuration. The main floor comprises 2,555 square feet of climate-controlled space, featuring six large private offices, a conference room, waiting area, receptionist desk, expansive open workspace, two bathrooms, and ample storage. The upper level adds another 1,700 square feet, including four more private offices, a sizable kitchen/break room, an open workspace, and additional storage closets. The building sits on a 0.26-acre lot and is zoned for Office and Institutional use. Its convenient location offers easy walking access to the courthouse and downtown square, making it an ideal location for various businesses. The asking price is $615,000, translating to $144.54 per square foot. The property is offered under a NNN lease type and is currently utilized as a CPA office. This is a turnkey investment opportunity for an investor seeking a well-maintained, high-occupancy commercial property in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,484,860

  6.5%

  $1,370,640

  7%

  $1,272,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,652,860

  Geo Method

  $1,699,360

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,923,650

  Retail / Commercial

  $1,455,150

  Mixed-Use / Specialty

  $1,415,230

  Hospitality / Lodging

  $993,080

  Office

  $1,370,640

  Institutional / Educational

  $1,458,850

  Residential Income

  $1,706,850

  Multifamily

  $2,239,680

  Automotive / Energy

  $1,250,440

  Parking / Income-Based Land

  $465,832

  Restaurant / Food Service

  $661,935

  Healthcare / Senior Housing

  $1,486,910

Location Insight

City

Carrollton

County

Carroll

State

Georgia

Latitude

33.5798

Longitude

-85.0695

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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