1825 Lockeway DR #202 new Save Request In-Person Tour Request Virtual Tour
Alpharetta,GA 30004
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 1,212 sqft
Price per Sqft $243
MLS Listing ID 7587208
Year Built 2003
Annual Tax Amount $2,425
Tax Year 2024
Property Sub-Type Office
Property Description
Investment opportunity for commercial buyer to purchase tenanted office condo in the Grasslands Office Park (Alpharetta address, Forsyth County taxes). This recently updated office condo offers a professional and spacious work area, with both a traditional front entrance, plus a rare rear entrance, which opens to a patio overlooking green space - great for taking an outdoor refreshment break! FLOOR PLAN includes a Reception with tray ceiling, and adjoining spacious Conference Room/Office. There are 4 additional private offices, including 1 with built-in cabinetry (ideal for a workroom or storage), plus a small Kitchenette with sink, counter, cabinets and new fridge, a central Restroom, plus an Equipment/Storage Room. IMPROVEMENTS include new HVAC system in 2022; Interior Painting updates, New Flooring in Bathroom, Kitchenette and Storage Room, New Mini Fridge, New solid surface Countertops and Hardware, New Cabinetry in 2024. Small Hot Water Heater replaced in 2020. Parking is unassigned, and consists of spaces directly outside unit and across the driveway. Condo fees of $199/mo. cover water, sewer, landscaping, collective trash service, outdoor lighting and maintenance of roofs, exterior and common areas.
Space leased to great tenant with Tutoring and Education Support Business on 1/1/25, and initial lease term is through 12/31/26. Nice opportunity to purchase tenanted space in an established office condo development near Exit 12 (McFarland Rd). This backs up to a newer condo development with much higher prices, so represents a good value in the area. The 1825 building is conveniently situated near the front of the development with a quick walk to the community mailboxes. Also very close to neighborhood Kroger, lunchtime eateries, gas station and business services in a convenient South Forsyth location.
This space is tenanted, with no signage or lockbox. We are glad to set up an appointment time when the tenant is not running tutoring sessions, with advance notice preferred. Please do not disturb tenant - thanks.
Location
State GA
County Forsyth
Zoning M1
Rooms
Other Rooms None
Interior
Heating Electric,Forced Air,Heat Pump
Cooling Central Air,Heat Pump,Separate Meters
Flooring Luxury Vinyl,Tile,Wood
Exterior
Parking Features Parking Lot
Fence None
Utilities Available Cable Available,Electricity Available,Phone Available,Sewer Available,Water Available
Waterfront Description None
View Neighborhood,Park/Greenbelt
Roof Type Asphalt
Building
Lot Description Business Park,Level
Story One
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition None