1825 Lockeway Drive

Highlights:

• Lot Features: Business Park, Level
• Gross Income: 20400
• Number Of Buildings: 1
• Bathrooms Total: 0
• Documents Available: None
• Cooling: Central Air, Heat Pump, Separate Meters
• Heating: Electric, Forced Air, Heat Pump
• Electric: 110 Volts
• Flooring: Luxury Vinyl, Tile, Wood
• Construction Materials: Brick
• Parking Features: Parking Lot
• Accessibility Features: Accessible Approach with Ramp, Accessible Entrance
• Security Features: None
• Buyer Agency Compensation: 3

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.