$1,648,000
$600,000
174.7%For more information regarding the value of a property, please contact us for a free consultation.
10892 Crabapple Roswell, GA 30075
16,770 SqFt
Key Details
Sold Price $1,648,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 16,770 sqft
Price per Sqft $98
MLS Listing ID 10215507
Sold Date 10/25/24
HOA Y/N No
Originating Board Georgia MLS 2
Year Built 1990
Annual Tax Amount $18,611
Tax Year 2022
Lot Size 0.927 Acres
Acres 0.927
Lot Dimensions 40380.12
Property Description
Invest in the premier Roswell office park of Crabapple West. In the Ten-X auction ending Sept 23, we will consider pre-auction offers. 10892 Crabapple Road is a renovated 100% leased office building in the Crabapple West Office Development. Start your office investment with the security of this 100% leased building in an unbeatable quality and prime location. 10892 Crabapple Road is the predominant building in this seven-building office park. Enjoy maximum efficiency with an elevator-served property with a total of 17,250 square feet across three floors. The property in question has undergone significant upgrades in recent years. These include replacing the windows, renovating all floors to tenants' specifications, and remodeling the lobby. Over half of the HVAC systems have been replaced, and other regulatory upgrades have been made. Each of the tenants now in the building has occupied their space for 15 years, and this asset presents stable income for years to come and offers an owner the upside of rent escalations. Future rent escalations provide immense value-add upside. Enjoy the convenience of being just 2 miles from downtown Roswell. The surrounding area is full of 40+ restaurants, high-end boutiques, stores, and tree-covered sidewalks that provide a picturesque walking experience. Located just south of Highway 92/Woodstock Road and Georgia 400, tenants at 10892 Crabapple Road enjoy proximity to the Perimeter Center and Avalon. To the west, the property is approximately 11 miles from downtown Woodstock and Interstate 575.
Location
State GA
County Fulton
Zoning OI
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Cable Available, Electricity Available, High Speed Internet, Phone Available
View Y/N No
Garage No
Private Pool No
Building
Lot Description Business Park, Near Public Transit
Faces Holcomb Bridge Rd cross Alpharetta Hwy, 2 miles to left on Crabapple Road, office park is 1/4 mile on the right. Subject buildings are immediately on the right.
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Tax ID 12 187403920135
Special Listing Condition Resale
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