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Listed by Joanna • Century 21 Novus Realty
$7,500,000
Est. payment /mo
16.7 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 10333808
Construction Status Resale
Year Built 2000
Tax Year 2023
Lot Size 16.700 Acres
Property Description
rime investment opportunity. This building is currently operating as a church, daycare, and private school facility. School faculty is able to stay if the buyer would like to continue to run it with the current staff in place. This acreage is a prime location with frontage on two roadways, one being C. H. James Pkwy. traffic light in place, high traffic count, 20,000+, property also has 1,500ft of frontage on the silver comet trail. Perfect location for a Quick Trip shopping center or condo/apartment high rise. Currently zoned as residential with special use for church. Multiple buildings on the property are modular and could be sold and moved. Private schools can hold up to 500 students. Industrial kitchen equipment in the school cafeteria and gymnasium. The gymnasium has a brand-new floor installed last year. The current Cap rate of 7.5% is solely based on the current enrollment in the school and daycare, not the church income. Current private school enrollment is less than half of the maximum capacity leaving potential for growth.
Location
State GA
County Cobb
Zoning Residential
Interior
Heating Central, Zoned
Cooling Central Air, Zoned
Flooring Carpet, Concrete, Tile, Vinyl
Exterior
Parking Features Parking Lot, Paved
Garage Spaces 150.0
Utilities Available Cable Available, Electricity Available, High Speed Internet, Phone Available, Sewer Available, Water Available
Roof Type Metal
Building
Sewer Public Sewer
Construction Status Resale
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
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