4421 Glenwood RD new Save Request In-Person Tour Request Virtual Tour
Decatur,GA 30032
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 10,467 sqft
Price per Sqft $200
MLS Listing ID 7507141
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 2007
Annual Tax Amount $20,245
Tax Year 2024
Lot Size 1.400 Acres
Acres 1.4
Property Description
This is an excellent opportunity for an investor to acquire a fully stabilized shopping center onto their investment portfolio. Offering a current 7% Cap Rate in a very fast-growing area. Constructed in 2007 with quality, Austin Plaza is a 10,467-square-foot shopping center situated on 1.45 acres with 7 total units and a freestanding billboard.
Long-term tenants on triple NNN leases with a yearly minimum 3% escalation on all leases. With over 300 feet of road frontage, the center has outstanding visibility and direct access to Glenwood Road (23,094 VPD). Building construction consists of all brick siding and glass/aluminum-frame storefronts. The subject property offers significant upside potential, making it a lucrative investment opportunity poised for strong cash flow and value appreciation.
Location
State GA
County Dekalb
Zoning C1
Lake Name None
Rooms
Other Rooms None
Basement None
Interior
Interior Features Recessed Lighting,Restrooms,Track Lighting
Heating Central
Cooling Central Air
Flooring Ceramic Tile,Carpet
Window Features Aluminum Frames
Exterior
Parking Features Parking Lot
Fence None
Utilities Available Cable Available,Electricity Available,Phone Available,Sewer Available,Water Available
Waterfront Description None
View Trees/Woods
Roof Type Metal
Street Surface Asphalt
Total Parking Spaces 60
Private Pool false
Building
Lot Description Free Standing
Story One
Foundation Block,Concrete Perimeter,Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
New Construction No
Construction Status Resale
Others
Senior Community no
Tax ID 15 165 01 109
Special Listing Condition None