DISTRESS SALE - MAKE AN OFFER! CASH PREFERRED. List price is 5% BELOW RECENT APPRAISAL. Recent independent appraisal: $395,000. Rare opportunity to acquire an approximately 2,736 SF medical/dental office condominium at the Snapfinger Medical-Dental Specialty Center in the Decatur/Stonecrest area of DeKalb County. Suite 104 is configured for immediate medical owner-user occupancy and may also appeal to an investor seeking a medical-office lease-up opportunity. The suite was substantially updated following its 2021 acquisition. The recent appraisal reports approximately $56,000 of 2021-2022 improvements, including HVAC repairs/upgrades, flooring, electrical and lighting improvements, painting, crawl-space maintenance/sealing and other repairs. The appraisal describes the property's building quality, condition and appeal as above average. The existing medical-office layout includes reception/waiting areas, multiple exam/treatment rooms, private offices, staff/work areas, kitchen/break area, multiple sinks, storage and three restrooms. The appraisal identified seven exam rooms, three offices, two lobby areas and a reception area. A separate physician/staff entrance supplements the primary patient entrance. Convenient ramped sidewalk access is located near the covered patient pick-up/drop-off area. The building is constructed over a crawl-space foundation, providing useful under-floor access that may facilitate future plumbing modifications for medical or dental build-out, subject to applicable approvals and code requirements. Individual HVAC controls and direct suite access allow the owner/user to operate independently of traditional multi-tenant office building hours. The Snapfinger Medical-Dental Specialty Center is an established medical-office condominium development consisting of two single-story office buildings having FIVE other confirmed medical-related businesses. Shared surface parking is available throughout the development, and the recent appraisal considers parking sufficient for the property. Condominium documents restrict occupancy to specified medical/dental professional uses, helping preserve the property's specialized healthcare-office environment. Buyer should review condominium documents and confirm intended use is permitted. Convenient access from Snapfinger Woods Drive and Easterly Place. I-20 is approximately one mile away via Panola Road, providing access to Downtown Atlanta and the regional expressway system. Nearby corridors include Panola Road, Covington Highway/US 278 and Turner Hill Road/GA 124. MARTA bus service is available along the Snapfinger Woods corridor. OWNER-USER OPPORTUNITY: Control your practice location and build equity rather than continue leasing. The existing medical-office configuration may substantially reduce the time and expense required to establish a new practice location compared with converting conventional office or retail space. Direct suite access provides flexibility for extended operating hours, subject to applicable condominium requirements. INVESTOR TEASER: The recent appraisal concluded market base rent of approximately $13.50/SF NNN and modeled stabilized NOI of approximately $31,750 annually. At the current asking price, those appraisal-derived assumptions indicate a stabilized capitalization rate of approximately 8.5% following lease-up to a qualified medical/dental tenant. Illustrative investment pro forma available from Broker upon request. Projections are estimates only and are not representations of existing rental income or future investment performance.

Listing courtesy of Commercial Realty of Georgia



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Last checked: 2026-09-13 09:15 PM UTC