121 Coleman Drive, Eatonton, GA 31024
sale
$265,000
|
Other
Courtesy Of Georgia Premier Real Estate Advisors
Georgia Premier RE Advisors is pleased to present an excellent opportunity to acquire an income-producing commercial property featuring an established automotive repair/tire shop tenant with a 2-year lease in place. Located within a commercial/industrial corridor, this property offers an attractive combination of in-place rental income, functional improvements, and additional income potential. The property features a 4,800-square-foot metal building equipped with three roll-up doors, natural gas, city water, and 240-volt electrical service, making it well-suited for automotive repair, tire service, and other commercial or industrial uses. A fenced storage lot provides valuable space for vehicle parking, equipment, and outdoor storage. Two additional storage buildings offer potential opportunities to generate supplemental rental income and further enhance the property's investment appeal. The tenant is responsible for all utilities, minor maintenance expenses, and insurance, while the landlord covers property taxes and major maintenance expenses. This expense structure offers investors a straightforward income-producing opportunity with several operating costs handled directly by the tenant. Featuring a 10.2% capitalization rate, an established automotive tenant, and potential for additional rental income, this property presents an attractive opportunity for investors seeking strong in-place returns and long-term investment potential in a commercial/industrial setting. Please do not disturb current tenants and schedule a showing with listing agent.
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Property Features
- Age: 41-50 Years Old
- Exterior Type: Steel Siding
- Floor Covering: Concrete
- Heating System: Natural Gas
- MLSID: 10878944
- Roof Type: Metal
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