480 Old Canton Rd new Save Request In-Person Tour Request Virtual Tour
Ball Ground,GA 30107
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7567927
Construction Status Updated/Remodeled
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1980
Annual Tax Amount $7,316
Tax Year 2024
Lot Size 1.690 Acres
Acres 1.69
Property Sub-Type Office
Property Description
Investment deal in mixed-use center with professional office and retail space. Located in the renovated historic Ball Ground Elementary School, re-named "The Elm" and making for unique feel of property and adaptive re-use of historic building. 11 current tenants, and 13 total tenant spaces ranging from 644SF to over 8,000SF with current occupancy rate of 89%. These private office suites have been fully renovated and are suitable for both small and growing businesses with some sharing access to common areas, including bathrooms and some with fitted with fully private bathrooms. The two suites remaining for lease include 1700+SF "lunchroom" - an open area space that is perfect blank space for incoming business, and a 990SF space fit for commercial kitchen, which could easily be fitted for offices with private bathroom.
Annualized Proforma NOI, based on 100% occupancy is over $350,000 with all leases in place having annual escalations of at least 3%. Common Area Maintenance Fees are paid by all tenants and cover expenses such as utilities, landscaping, trash services, security and janitorial expenses.
The Elm is located a short drive from Interstate-575, just over a mile and a half away, which connects to Interstate-75 and Hwy-515, for easy commute from Canton, GA or Jasper, GA. Ball Ground is seeing an increase in growth as it is located in one of the more rapidly growing counties in the state of Georgia with an average yearly population increase over 6% each year since 2020 and healthy median household income over $100k.
Location
State GA
County Cherokee
Zoning CC-T
Lake Name None
Rooms
Other Rooms None
Basement None
Interior
Interior Features Reception Area,Restrooms
Heating Wall Unit(s)
Cooling Central Air,Wall Unit(s)
Flooring Concrete
Window Features None
Exterior
Parking Features Parking Lot
Fence None
Utilities Available Electricity Available,Sewer Available,Water Available
Waterfront Description None
View Other
Roof Type Other
Street Surface Asphalt
Accessibility None
Handicap Access None
Total Parking Spaces 36
Private Pool false
Building
Lot Description Corner Lot
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick 4 Sides
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community no
Tax ID 04N04C 013 A
Special Listing Condition None