150 Medical Way, Riverdale, GA

Health Care for Sale ‐ $850,000 ‐ 21,352 Sq. Ft. on 3.43 acres

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #946942
Location150 Medical Way
Riverdale GA 30274
Last UpdatedSeptember 8th, 2017
TypeHealth Care
Price$850,000
Building Size21,352 Sq. Ft.
Lot Size3.43 acres

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Property Description

This ±21,352 SF medical office opportunity is located in Riverdale near Southern Regional Medical Center. Built in 1979, this multi-tenant, all brick, single story building is need of interior renovation and repairs. This short sale opportunity is ideal for a new owner/user.

The property has 185 parking spaces. Parcel ID is 13140C A028.

Location Description:

The property is located near Southern Regional Medical Center and less than 15 minutes from Hartsfield-Jackson Atlanta International Airport. It is also only 1 mile from I-75 access.

Aside from being a great place to live and invest, Clayton County’s communities offer a sense of place and belonging. From small town charm with historic downtown districts, to urban shopping centers with lots to see and do--Clayton County is a place that residents are certainly proud to call home.

Only a short 15 minute drive from Downtown, Clayton County is one of the most highly connected locations in the metro Atlanta region. With an abundance of real estate and tax incentive programs, it is highly attractive to investors. The county is also home to several national companies such as Clorox, Fresh Express and Toto USA.

In 2017, the State of Georgia designated Clayton County as a Tier 1 County. Working like the Opportunity Zone Tax Credit, any business that creates 2 new jobs can now qualify for a $3,500 per job tax credit for 5 years.

Highlights:

>> ±21,352 SF medical office building on ±3.43 acres

>> Multi-tenant, all brick, single story

>> Building is in need of renovation and significant repairs

>> In its current state, building is 70% unoccupiable, 30% occupiable

>> 185 parking spaces

>> Ideal owner/user, short sale opportunity or tear down and build new

>> 97% vacant

>> 2016 taxes: $13,919

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