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Daphne Howell

howelldr2020@yahoo.com +1(404) 934-4733

$ 349,900

Est. payment -/mo

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Price Dropped by $25K

5243 Snapfinger Woods DR #104 Decatur, GA 30035

2,736 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial,Office

Listing Status Active

Purchase Type For Sale

Square Footage 2,736 sqft

Price per Sqft $127

Subdivision No Subdivision

MLS Listing ID 10841341

HOA Y/N No

Year Built 1982

Annual Tax Amount $5,016

Tax Year 2026

Lot Size 2,744 Sqft

Acres 0.063

Lot Dimensions 2744.28

Property Sub-Type Commercial,Office

Source Georgia MLS 2

Property Description

DISTRESS SALE - MAKE AN OFFER! CASH PREFERRED. List price is 5% BELOW RECENT APPRAISAL. Recent independent appraisal: $395,000. Rare opportunity to acquire an approximately 2,736 SF medical/dental office condominium at the Snapfinger Medical-Dental Specialty Center in the Decatur/Stonecrest area of DeKalb County. Suite 104 is configured for immediate medical owner-user occupancy and may also appeal to an investor seeking a medical-office lease-up opportunity. The suite was substantially updated following its 2021 acquisition. The recent appraisal reports approximately $56,000 of 2021-2022 improvements, including HVAC repairs/upgrades, flooring, electrical and lighting improvements, painting, crawl-space maintenance/sealing and other repairs. The appraisal describes the property's building quality, condition and appeal as above average. The existing medical-office layout includes reception/waiting areas, multiple exam/treatment rooms, private offices, staff/work areas, kitchen/break area, multiple sinks, storage and three restrooms. The appraisal identified seven exam rooms, three offices, two lobby areas and a reception area. A separate physician/staff entrance supplements the primary patient entrance. Convenient ramped sidewalk access is located near the covered patient pick-up/drop-off area. The building is constructed over a crawl-space foundation, providing useful under-floor access that may facilitate future plumbing modifications for medical or dental build-out, subject to applicable approvals and code requirements. Individual HVAC controls and direct suite access allow the owner/user to operate independently of traditional multi-tenant office building hours. The Snapfinger Medical-Dental Specialty Center is an established medical-office condominium development consisting of two single-story office buildings having FIVE other confirmed medical-related businesses. Shared surface parking is available throughout the development, and the recent appraisal considers parking sufficient for the property. Condominium documents restrict occupancy to specified medical/dental professional uses, helping preserve the property's specialized healthcare-office environment. Buyer should review condominium documents and confirm intended use is permitted. Convenient access from Snapfinger Woods Drive and Easterly Place. I-20 is approximately one mile away via Panola Road, providing access to Downtown Atlanta and the regional expressway system. Nearby corridors include Panola Road, Covington Highway/US 278 and Turner Hill Road/GA 124. MARTA bus service is available along the Snapfinger Woods corridor. OWNER-USER OPPORTUNITY: Control your practice location and build equity rather than continue leasing. The existing medical-office configuration may substantially reduce the time and expense required to establish a new practice location compared with converting conventional office or retail space. Direct suite access provides flexibility for extended operating hours, subject to applicable condominium requirements. INVESTOR TEASER: The recent appraisal concluded market base rent of approximately $13.50/SF NNN and modeled stabilized NOI of approximately $31,750 annually. At the current asking price, those appraisal-derived assumptions indicate a stabilized capitalization rate of approximately 8.5% following lease-up to a qualified medical/dental tenant. Illustrative investment pro forma available from Broker upon request. Projections are estimates only and are not representations of existing rental income or future investment performance.

Location

State GA

County Dekalb

Zoning M-1 Stonecrest Overlay District

Rooms

Bedroom Description No

Interior

Heating Central, Natural Gas

Cooling Central Air, Electric

Fireplace No

Exterior

Parking Features Paved, Parking Lot, Drive Through

Utilities Available Electricity Available, Natural Gas Available, Underground Utilities, Water Available

View Y/N No

Roof Type Composition

Garage No

Private Pool No

Building

Lot Description Business Park, Level, Near Public Transit

Faces Use GPS to locate center. SE Corner of Snapfinger Wds Dr & Easterly Place. Look for monument sign. Suite 104 is to the rear and to left side of the covered drop-of/pick-up area when facing from Snapfinger Wds Dr.

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

New Construction No

Others

Tax ID 16 041 08 003

Acceptable Financing Cash, Conventional, Small Business Loan

Listing Terms Cash, Conventional, Small Business Loan

Special Listing Condition Resale

NEARBY SCHOOLS & PROPERTIES

Daphne Howell

Broker Associate

+1(404) 934-4733

Daphne Howell

5243 Snapfinger Woods DR #104 Decatur, GA 30035

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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5243 Snapfinger Woods DR #104