232 Industrial Park DrCommerce, GA 30529

Property Details for 232 Industrial Park Dr

Year built

1992

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.00 AC

Property size (Sq ft)

6,000 SF

Zone code

C2

Property type

Office buildings

APN

B55 022A

APU

B55022A

Description

This exceptional 6,000-square-foot medical office building presents a compelling investment opportunity in Commerce, Georgia. Located at 232 Industrial Park Dr, this Class C property boasts a prime location less than a mile from Interstate 85 Exit 149 (Banks Crossing), benefiting from the rapid growth spurred by the SK Battery development and surrounding industrial expansion. Currently 100% occupied by three tenants with long-term lease options (3,000 SF, 2,000 SF, and 1,000 SF respectively), this multi-tenant building offers minimal landlord responsibilities and strong potential for future returns. Built in 1992, the well-maintained property features a C2 zoning designation and is situated within a thriving commercial area, complemented by recent additions like Chipotle and Whataburger. The asking price is $895,000, translating to $149.17 per square foot. With millions of square feet of industrial space under construction nearby and continued retail and commercial development, this investment promises significant long-term value. The property's strong tenancy and location make it an attractive addition to any portfolio. Showings are by appointment only with proof of funds. Do not disturb tenants. APN: B55 022A.

• CAP approach

  CAP return

  Valuation

  6%

  $1,052,971

  6.5%

  $971,973

  7%

  $902,547

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,010,635

  Geo Method

  $1,010,635

• Alternative Use

  Use

  Valuation

  Residential

  $1,205,247

  Hospitality

  $1,104,000

  Educational

  $918,515

  Medical

  $950,104

  Retail

  $1,428,801

Location Insight

City

Commerce

County

Banks

State

Georgia

Latitude

34.2492

Longitude

-83.4559

Property Tax & Assessments

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