Shopping Center in Blueridge
Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 1,349,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 13,757
Date Available 05/15/2019
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Description

Location
Take I-75 N and then take GA-5 N. Continue onto GA-5 for several miles. Turn right onto E 1st St./Old Hwy 76/Old US 76. Shopping center will on the right.

Sale
This portfolio includes 3558, 3586, 3608, & 3640 E. 1st St. Shopping center is in great condition with high occupancy, low CAM expenses, and approximately 516 feet of road frontage. Property has 51 parking plus spaces. Additional parking space is available as there is an extra lot adjacent to the property. Tenants include bank, bakery, and cellular store.

100% occupancy. The rents are below market. Unit 3558 was completed in 2007, unit 3586 was completed in 2006, and unit 3608 &3640 were completed in 2004. Plans for two concrete retaining walls were completed in 2007. This is one block away from the tourist train stops. Excellent opportunity to generate cash flow in this quaint mountain town.

Location