731 Progress Road

Description

Prime Income-Producing Commercial Property - 3 Buildings, 4 Tenants, High-Traffic Gilmer County Location! Exceptional investment opportunity in the center of Gilmer County's bustling commercial corridor, this fully occupied 1.35-acre property features three buildings totaling 9,624 sq ft, including two attached structures and four established tenants delivering immediate, dependable revenue. Building 1 (Brown Building) offers 4,800 sq ft of storage/warehouse space built in 1995 (effective 2001), featuring 16' wall height, a 3,600 sq ft main area, a 1,200 sq ft enclosed canopy, and an additional 800 sq ft utility room. Building 2 (Blue Building) is an 880 sq ft service garage built in 2005 (effective 2009) with 14' wall height and two canopies (912 sq ft and 160 sq ft). Building 3 (Red and Green Buildings), attached to Building 2, provides 3,140 sq ft built in 2004 (effective 2009) with 14' wall height and three canopies (75 sq ft, 120 sq ft, and 120 sq ft). The property is ideally situated near Walmart, Lowe's, major restaurants, and medical facilities, and sits directly across from a planned new commercial development, further enhancing its long-term value in this rapidly growing North Georgia area. Designed for ease of ownership, the buildings are well maintained and require minimal upkeep, making this a low-management asset with consistent returns. Tenants pay their own utilities, keeping operating expenses low, with estimated water costs of $80-$85/month, and insurance and property taxes approximately $2,500/year each. The site is equipped with power, water, septic, and internet, is zoned C1, and offers additional upside through rental increases, paid parking potential, expansion opportunities, and future development possibilities-including nearby proposed apartments and a Publix across the road.