Fayetteville, GA 30214,110 Huntington Park
Fayetteville, GA 30214,110 Huntington Park
Fayetteville, GA 30214,110 Huntington Park
Fayetteville, GA 30214,110 Huntington Park
Fayetteville, GA 30214,110 Huntington Park
Fayetteville, GA 30214,110 Huntington Park
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$425,000

$495,000

14.1%
Est.Price: ?

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Est. payment /mo

7,846 SqFt


SOLD DATE : 09/11/2023

Key Details

Sold Price $425,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 7,846 sqft

Price per Sqft $54

MLS Listing ID 20067355

Sold Date 09/11/23

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1985

Annual Tax Amount $2,369

Tax Year 2021

Lot Size 1.090 Acres

Acres 1.09

Lot Dimensions 1.09

Property Description

(Agents see private) Potential $60k rental income. This 4-unit commercial property offers incredible income potential, located directly off of HWY 85, and directly across from Fayetteville Pavillion. The commercial unit square footage upstairs is ~4000 SF total, and the complex also offers 15 storage units, ranging in three different sizes located on the bottom backside. Commercial units are FULLY OCCUPIED, as the four units upstairs have been converted to two larger units. Two extremely long-term tenants. Both sides also have an extra basement unit, that can be separately rented or used as storage. The units have a kitchen, while one has a shower. Roof ~5 years old, HWH ~5 years old, 3 of 4 units, ~3 years old. Septic was pumped ~ 2 years ago. Currently offered with a cap rate of ~7% with GROSSLY undervalued rental rates and only ~5 of the 15 storage units occupied. Rental rates are ~$1 per SF in the surrounding area. Proforma cap rate ~10%. Land continues way beyond buildings and parking lots for opportunities for extended parking or more buildings. Property DOES NOT lie in Fayetteville city limits. You only have to answer to the county. CONTACT ME for listing flyer.

Location

State GA

County Fayette

Zoning Zoning is C CH. Highway commercial district.

Interior

Heating Electric, Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Paved, Parking Lot

Utilities Available Cable Available, Electricity Available, High Speed Internet, Water Available

View Y/N No

Garage No

Private Pool No

Building

Lot Description Business Park

Faces North on HWY 85 from DT Fayetteville. Turn right on Huntington Park Dr. Building is on left behind Verizon.

Sewer Septic Tank

Water None

Structure Type Brick,Vinyl Siding

New Construction No

Others

Tax ID 0538 070

Special Listing Condition Resale

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