1924 Clairmont RD, Decatur, GA 30033 - MLS#7462862

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Shawn Delaney

[email protected] +1(770) 378-7994

$1,500,000

Est. payment - /mo

8,561 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 8,561 sqft

Price per Sqft $175

MLS Listing ID 7462862

Construction Status New Construction

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1950

Annual Tax Amount $15,474

Tax Year 2023

Lot Size 0.700 Acres

Acres 0.7

Property Sub-Type Office

Property Description

The St Micheal's Center is on the market for the first time in 50 years. The subject property, located at 1924 Clairmont Road, Decatur, GA, is an office building zoned (O/I) located in the Decatur submarket. The subject property is a multi-tenant office building consisting of 21 fully leased executive office spaces. The building totals 7,558 square-feet and contains two stories with a terrace level.

Market Lease value based on September 2024 Appraisal is $151,160 annually. The property is currently 100% occupied at $111,180 annual income with many long terms tenants. All existing leases are set to expire in 2025. This allows buyer to fully occupy the space if desired. Many tenants will want to renew if purchased as an investment.

Property is priced just below appraised value as of Sept 2024.

Location

State GA

County Dekalb

Zoning O/I

Lake Name None

Rooms

Other Rooms None

Basement Full

Bedroom Restrooms

Interior

Interior Features Restrooms

Heating Central

Cooling Central Air

Flooring None

Window Features None

Exterior

Parking Features Parking Lot

Fence Chain Link

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities

Waterfront Description None

View City

Roof Type Asphalt

Street Surface Asphalt

Accessibility Accessible Closets, Accessible Approach with Ramp

Handicap Access Accessible Closets, Accessible Approach with Ramp

Total Parking Spaces 26

Private Pool false

Building

Lot Description Other

Story Two

Foundation Brick/Mortar

Water Public

Level or Stories Two

Structure Type Brick 4 Sides

New Construction No

Construction Status New Construction

Others

Senior Community no

Tax ID 18 103 01 007

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

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Listed by Keller Williams Realty Metro Atlanta

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Shawn Delaney

+1(770) 378-7994

Agent | License ID: 285391

Agent License ID: 285391

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1924 Clairmont RD Decatur, GA 30033

Shawn Delaney

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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