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Address: Bankhead Highway
City: Carrollton
State or Province: Georgia
Zip: 30117
County: Carroll
Price: $3,200,000.00 |
Type: Property For Sale
Zoning: C-2
Status: Active
Lot Size/Acreage: 17+
Square Feet: 45,616 |
Country
USA
Full Description: This established and growing, shopping mall and retail development, is located on the South-West corner of the busy intersection at Bankhead Highway (Carrollton-Villa Rica Highway) and the 4-lane municipal bypass - Highway 166. This property represents one of the area's greatest retail development opportunities.
Over 80% occupied, the existing mall building is located within the center of this 17+ acre property and offers several configuration possibilities for completing the retail development by expanding the existing mall or developing out-parcels as either stand alone or extended retail establishments.
Currently a McDonald's Restaurant, Region's Bank, Motel, Auto Parts Store and Seafood Restaurant occupy the out-parcels which have already been sold.
The total rental space within the mall is 45,616 sf
The total rental space currently occupied is 38,182 sf
Current tenants include: Big Lots, West Ga National Bank, Joy Of The Lord Church, Remax United, Latino Specialty Shop, Sammon Group Land Development, Surveying And Engineering, with a consignment shop coming soon.
Over $275,000 has been spent on the mall building over the past few years. A rubber, mechanically attached roof, with a 10-year warranty, has been installed on the entire shopping center. A list of all repairs and a complete property profile are available upon request from the broker.
The Lake Carroll Mall is accessible from the busy, 4-lane, Bankhead Highway with a traffic light to afford the property controlled access from any direction and is located directly across from the First Tuesday Mall.
Currently priced at 3.2 million USD, this property appraised for $3,495,000 in 1999.
OUT-PARCELS ARE AVAILABLE:
Parcel #1 - 1.71 Acres - SOLD
Parcel #2 - 5.00 Acres - $495,000
Parcel #3 - 0.86 Acres - $295,000
Parcel #4 - 0.79 Acres - $250,000
Location:
Bankhead Highway in Carrollton, GA, 30117. Just past the intersection with Highway 166 Bypass traveling west towards Downtown Carrollton.
Special Note:
PURCHASE PRICE DOES NOT INCLUDE OUTPARCELS!
Utilities: Water, Sewer & Gas
Terms/Financing: All Cash To Seller At Closing
PDF Package Link: http://www.DermoRealty.com/packages/1039-LakeCarrollMall.pdf
Class
Commercial
Retail
Property
Land
Building(s)
Development
Space Available
Category
Business Opportunity
Investment Property
Rental Property For Sale
Shopping Center
Shopping Center Land
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Property Features
Commercial Corner
Long-Term Lease Available
Easy Access
Abundant Parking
Fully Landscaped
Property May Be Sub-Divided
Hot Property
Prime Location
High Traffic
Great Location
Frontage Property
Major Thouroughfare
Business District
Now Available
Investment Opportunity
Outparcels Available
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Tony Dermo
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Listed by Tony Dermo
Phone: 770-834-9999
Fax: 770-834-7773
Homepage: http://www.DermoRealty.com
Info:
A West Georgia Leader In Commercial Real Estate
For Over 35 Years!
"We Take Care Of Business!"
Dermo Realty
801 Old Newnan Road
Carrollton, GA 30117
Email: dermo@mindspring.com
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