49 Hosiery Mill RdDallas, GA 30157

Property Details for 49 Hosiery Mill Rd

Year built

2006

Lot size

3.61 AC

Property size (Sq ft)

12,761 SF

Zone code

B1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

106.1.2.050.0000

APU

106120500000

Description

River Pointe Commons, located at 49 Hosiery Mill Rd in Dallas, Georgia (zip code 30157), offers exceptional retail space in a thriving neighborhood center. This single-story, 22,665 square foot building, constructed in 2006 and renovated in 2016, boasts 11 suites with a minimum divisible space of 1,410 square feet and a maximum contiguous space of 2,820 square feet. Currently, 4,230 square feet is available for lease. The property features 120 parking spaces and is zoned B1. Its high-visibility location off E. Paulding Drive in the Dallas/New Hope area ensures excellent foot traffic. The center benefits from a strong tenant base, with many businesses having occupied their spaces for nearly a decade, including a dental practice, pizza restaurant, urgent care facility, nail salon, tax preparation service, grooming salon, and an animal hospital. Two available units have already been combined and successfully operated as a CrossFit gym, making this a turnkey opportunity for a fitness-related business. A generous tenant improvement allowance and rent abatement are available to qualified tenants. This property presents a unique chance to establish or expand a business in a well-established and successful retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $3,117,940

  6.5%

  $2,878,100

  7%

  $2,672,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,161,780

  Geo Method

  $2,588,730

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,645,670

  Mixed-Use / Specialty

  $2,854,460

  Hospitality / Lodging

  $2,076,820

  Office

  $2,823,580

  Institutional / Educational

  $2,962,710

  Residential Income

  $3,466,370

  Multifamily

  $4,231,520

  Automotive / Energy

  $2,539,470

  Parking / Income-Based Land

  $889,552

  Restaurant / Food Service

  $1,456,090

  Healthcare / Senior Housing

  $2,940,910

Location Insight

City

Dallas

County

Paulding

State

Georgia

Latitude

33.9559

Longitude

-84.7868

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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