Alpharetta Office Building | 14,726 SF

221 Roswell St. Alpharetta, GA 30009

221 Roswell St., Alpharetta, GA, 30009
221 Roswell St., Alpharetta, GA, 30009
FOR SALE Auction Property
Property Type:
Multi Tenant Office
FOR SALE
Amount:
Please Call Broker for Price

Last Verified:
Sep 19, 2019

Highlights

  • 14,726 SF two-story brick office building on 1.55 acres
  • Currently generating income of $203,316/year with huge upside potential
  • Highly-desirable location for a new owner/user and investors seeking significant upside
  • Affluent area with average household income of $120,637 within a 5-mile radius
  • Downtown Alpharetta location with convenient access to GA-400
  • Impressive lobby, glass partition walls and updated rooftop units
  • Monument signage on Roswell Street

Description

This impressive two-story building in the growing city of Alpharetta features easy access to GA-400, ample parking, and a well-maintained steel-framed brick & glass structure.

The property currently generates $203,316/year with significant upside. The ±3,500 SF available space provides an opportunity for a new owner/user as well as investors seeking significant upside potential. The building's location benefits from the myriad of surrounding shopping, dining, entertainment and housing options, including the nearby Avalon community.

The ±14,726 SF building features high-quality construction, a metal standing seam roof, and updated HVAC rooftop units. Interior upgrades include extensive glass features, key card access, an impressive two-story entry lobby and high-end finishes.

Parkside Crossing is centrally-located within Alpharetta city limits on Roswell Street near the intersection of Old Milton Parkway and Main Street. Area amenities in close proximity include Avalon, Verizon Wireless Amphitheatre, Northpoint Mall, downtown Alpharetta and a variety of excellent shopping, dining and entertainment choices. Housing options in the area range from modest to luxury and everything in between, and Alpharetta’s high-tech infrastructure and labor workforce take advantage of download speeds that are 60 percent faster than the national average, according to the city's economic development director.

Alpharetta was named a finalist for the 2017 National Gold Medal Awards for Excellence in Park and Recreation Management, as one of the top recreation and parks departments in the country. Alpharetta, located just 22 miles north of Downtown Atlanta, is the 6th fastest growing city in the U.S. and Forbes named Alpharetta the #1 city to relocate to in the country: http://growalpharetta.com.


Year Built: 1999
Building Size: 14726.0sq ft
Building Class: B
Lot Size: 1.55 acres

Map of 221 Roswell St., Alpharetta, GA, 30009

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.