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Leased Asset Available: 2362 W. Broad St.
2362 W. BROAD ST. ATHENS, GA 30601
FULLY LEASED ASSET WITH VALUE ADD POTENTIAL
FOR SALE $425,750
CAP RATE 8%
2362 W. Broad St. is a stable asset with value-add potential located along Hwy 78 Bus and surrounded on all sides by new and newly revitalized developments.
2362 W. Broad St. is located adjacent to Arby's Restaurant-one of oldest in Georgia-and can be accessed via signaled intersection at W. Broad St. and Camellia Drive, via shared drive with Arby's or shared drive with Beech Haven Bethel Church along the eastern edge of the property. The property has 14 on-site parking spaces and is surrounded by privacy fencing on three sides.
Building A (facing the property, left side) was built in 1960 and is a 30x50 rectangular brick building with 12' ceilings, asphalt shingle roof, front and side entry doors and one roll-up door. It was recently renovated on the interior.
Building B (facing the property, right side) was built in 1982 and is 1,891 SF with 8' ceilings. It has both front and side entry doors and a small side patio area. Building B was recently painted and received a new roof in 2020.
Both units are low-maintenance structures and are currently leased with options to renew.