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Office Medical

Value-Add Medical Office | Atlanta MSA | $950k+ in 2020 Renovations

4158 Stone Mountain Hwy, Lilburn, GA 30047

Listing Price: $1,953,600

Gross SF
7,104
Rentable SF
7,104
Price/Gross SF
$275.00
Occupancy
1.0%
Year Built
1987
Lot Size
1.24 acres

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the recently renovated medical office located at 4158 Stone Mountain Hwy in Lilburn, GA. Formerly occupied by Atlanta Plus Urgent Care, the building totals 7,104 square-feet and rests on approximately 1.24 acres. Recent improvements, totaling over $950,000, include exterior and interior renovations a full medical office build-out, new roof, and a recently restriped parking lot. Currently built-out for medical use, the subject property offers value-add opportunity through filling vacancy or as an ideal space for an owner user. Positioned within the high-growth Lilburn submarket, the medical office features excellent visibility via Stone Mountain Hwy (59,200+ VPD), and is in close proximity to Piedmont Eastside Medical Center (310-beds).

The Atlanta metro encompasses 29 counties in northwestern Georgia. With few natural barriers to limit development, tremendous population growth over the past decade expanded the metro’s borders, and the region now has a population of roughly 6.1 million people. Over the next five years, the region is expected to add approximately 298,000 residents. Meanwhile, Mercedes-Benz Stadium has been a catalyst for redevelopment in the urban core of Atlanta, while Truist Park has prompted new development northwest of downtown Atlanta. In 2023, the metro will remain a top market nationally for commercial construction. The volume of new projects in the downtown and midtown sections of the metro will present additional housing, entertainment and retail opportunities. This will entice residents back into the city and provide options for people moving to the metro.

Investment Highlights

  • Newly Renovated Medical Office | Former Urgent Care Facility with Medical Office Build-Out
  • Over $950,000 in Recent Capital Improvements | HVAC Replaced in 2021 | Roof Replaced in 2016 | Parking Lot Restriped in 2021
  • Excellent Visibility Via Stone Mountain Hwy (59,200+ VPD) | 5.2 Miles from Piedmont Eastside Medical Center (310-Beds)
  • Value-Add Opportunity through Filling Vacancy or Ideal for an Owner User | Option to Easily Convert to Single-Tenant Retail
  • Home Depot Shopping Center Directly Across from the Property | Other Retailers in the Immediate Surrounding Area Include Pet Smart, Chase Bank, Chili's, & More

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Office Medical

Value-Add Medical Office | Atlanta MSA | $950k+ in 2020 Renovations

Listing Price: $1,953,600

Gross SF
7,104
Rentable SF
7,104
Price/Gross SF
$275.00
Occupancy
1.0%
Year Built
1987
Lot Size
1.24 acres

Investment Highlights

  • Newly Renovated Medical Office | Former Urgent Care Facility with Medical Office Build-Out
  • Over $950,000 in Recent Capital Improvements | HVAC Replaced in 2021 | Roof Replaced in 2016 | Parking Lot Restriped in 2021
  • Excellent Visibility Via Stone Mountain Hwy (59,200+ VPD) | 5.2 Miles from Piedmont Eastside Medical Center (310-Beds)
  • Value-Add Opportunity through Filling Vacancy or Ideal for an Owner User | Option to Easily Convert to Single-Tenant Retail
  • Home Depot Shopping Center Directly Across from the Property | Other Retailers in the Immediate Surrounding Area Include Pet Smart, Chase Bank, Chili's, & More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the recently renovated medical office located at 4158 Stone Mountain Hwy in Lilburn, GA. Formerly occupied by Atlanta Plus Urgent Care, the building totals 7,104 square-feet and rests on approximately 1.24 acres. Recent improvements, totaling over $950,000, include exterior and interior renovations a full medical office build-out, new roof, and a recently restriped parking lot. Currently built-out for medical use, the subject property offers value-add opportunity through filling vacancy or as an ideal space for an owner user. Positioned within the high-growth Lilburn submarket, the medical office features excellent visibility via Stone Mountain Hwy (59,200+ VPD), and is in close proximity to Piedmont Eastside Medical Center (310-beds). The Atlanta metro encompasses 29 counties in northwestern Georgia. With few natural barriers to limit development, tremendous population growth over the past decade expanded the metro’s borders, and the region now has a population of roughly 6.1 million people. Over the next five years, the region is expected to add approximately 298,000 residents. Meanwhile, Mercedes-Benz Stadium has been a catalyst for redevelopment in the urban core of Atlanta, while Truist Park has prompted new development northwest of downtown Atlanta. In 2023, the metro will remain a top market nationally for commercial construction. The volume of new projects in the downtown and midtown sections of the metro will present additional housing, entertainment and retail opportunities. This will entice residents back into the city and provide options for people moving to the metro.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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