1924 Clairmont RD new Save Request In-Person Tour Request Virtual Tour
Decatur,GA 30033
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
Year Built 1950
Annual Tax Amount $15,474
Tax Year 2023
Lot Size 0.700 Acres
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 apprised value as of Sept 2024.
Location
State GA
County Dekalb
Zoning O/I
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central Air
Flooring None
Exterior
Garage 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
Building
Lot Description Other
Story Two
Foundation Brick/Mortar
Water Public
Structure Type Brick 4 Sides
New Construction No
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition None