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706 West Elm Street 702 Elm St

6,000 SF Vacant Retail Building Rockmart, GA 30153 $345,000 ($58/SF) 7.60% Cap Rate

Mixed Use Properties Georgia Rockmart 702 Elm St, Rockmart, GA 30153

Executive Summary

Prime Investment Property. There is 6600 square feet plus a small storage shed. Another great feature is that there are 6 individual storage units built under the main building that you can drive up to. As of now there are four (4) tenants that have signed a three-year lease with a 3-year option. Cap Rate is 7.6%. The additional passive income from the 6 storage units leased out at $25 a unit per month, the Cap Rate will be 8.12%.

Attachments

706 W Elm Street Rockmart Georgia

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Building Class
C
Year Built
1981
Price
$345,000
Price Per SF
$58
Cap Rate
7.60%
NOI
$26,220
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.44
Lot Size
0.31 AC
Zoning
C3-Commercial - Parcel ID R09-060- Class Code Commercial Taxing District Rockmart Acres 0.31
Frontage
135 FT on Elm Street
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Nearby Major Retailers

Truist
Waffle House
(202) 439-3269

Contact

  • Listing ID: 32191029

  • Date on Market: 6/20/2024

  • Last Updated:

  • Address: 702 Elm St, Rockmart, GA 30153

The Retail Property at 702 Elm St, Rockmart, GA 30153 is currently available for sale. Contact Berkshire Hathaway GA Properties - Alpharetta for more information.

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706 West Elm Street | 702 Elm St
(202) 439-3269 x

706 West Elm Street | 702 Elm St

Mark Bigelow, MBA, ICSC, ACBR

(202) 439-3269

(202) 439-3269

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