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Jacob Mitchell

jacobmitchell108@gmail.com +1(912) 245-4897

$ 775,000

Est. payment -/mo

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Price Dropped by $25K

8218 Hazelbrand RD NE Covington, GA 30014

4,200 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial,Office

Listing Status Active

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $184

Subdivision No Subdivision

MLS Listing ID 10736291

HOA Y/N No

Year Built 1987

Annual Tax Amount $5,217

Tax Year 24

Lot Size 0.330 Acres

Acres 0.33

Lot Dimensions 14374.8

Property Sub-Type Commercial,Office

Source Georgia MLS 2

Property Description

Commercial Investment Property for Sale - 8218 Hazelbrand Road, Covington, Georgia. Newly renovated standalone commercial property in a prime location near Piedmont Newton Hospital and minutes from downtown Covington Income-Producing Commercial Property with Established Tenants and Additional Rental Potential Excellent opportunity to acquire an approximately 4,200-square-foot commercial property in Cumming, Georgia, featuring existing tenants and the potential for additional rental income. The property includes multiple office spaces designed to accommodate a variety of professional and commercial uses. Two rear office units, each approximately 1,000 square feet, are currently leased at $2,100 per month per unit. An additional office tenant pays $350 per month, providing established rental income. The current owner occupies approximately 1,000 square feet of office space and would like to remain in the property after the sale as a tenant, leasing the space from the new owner. This arrangement offers a potential additional income stream for an investor while allowing the owner to continue operating from the property. With existing tenants in place and the opportunity to establish a lease with the current owner, this property offers an attractive investment opportunity for buyers seeking commercial real estate with multiple income sources and future income potential. Property Highlights: Approximately 4,200 square feet of commercial space Two rear office units, approximately 1,000 square feet each Rear units leased at $2,100 per month each Additional office tenant paying $350 per month Approximately 1,000 square feet currently occupied by the owner Current owner interested in leasing the occupied space after the sale Existing rental income of $4,550 per month, or $54,600 annually, before expenses Potential additional rental income from a future lease with the current owner Flexible office space suitable for a variety of professional and commercial uses Whether you are an investor expanding your commercial portfolio or a buyer seeking a property with established tenants and additional income potential, this opportunity offers flexibility and the possibility of continued occupancy by the current owner.

Location

State GA

County Newton

Zoning Commerical

Rooms

Bedroom Description No

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Carpet, Tile, Vinyl

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Cable Available, Electricity Available, High Speed Internet

View Y/N No

Roof Type Composition

Garage No

Private Pool No

Building

Lot Description Business Park

Faces GPS

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Others

Tax ID C002000030009000

Security Features Closed Circuit Camera(s)

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

Special Listing Condition Updated/Remodeled

Jacob Mitchell

Agent

+1(912) 245-4897

Jacob Mitchell

8218 Hazelbrand RD NE Covington, GA 30014

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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8218 Hazelbrand RD NE