GA > Ball Ground
Ball Ground, GA 30107,480 Old Canton Rd
Ball Ground, GA 30107,480 Old Canton Rd
Ball Ground, GA 30107,480 Old Canton Rd
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Terin Branhan

Terin Branhan

+1(678) 427-2662
$4,500,000
Est. payment /mo
1.69 Acres Lot
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UPDATED:

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

Read Less Info
First Multiple Listing Service(FMLS)
Listed by The Good Group
agent

Terin Branhan

Broker | License ID: 368799

+1(678) 427-2662

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480 Old Canton Rd

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