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670 S 8th St
Griffin, GA 30224
Office Property For Sale
Investment Highlights
- Medical office building currently leased to Labcorp, ensuring consistent cash flow.
- Constructed with block and brick, featuring central air conditioning and heating for operational efficiency.
- Easy connectivity to Downtown Griffin and major area thoroughfares within Spalding County.
- Located one block from Wellstar Spalding Regional Hospital, offering convenient healthcare synergy.
- Ample on-site parking and full access to public utilities, including water, sewer, and cable.
Executive Summary
This medical office investment property offers 4,558 square feet of functional healthcare space in Griffin, Georgia. Currently leased to an AAA tenant, Labcorp, the building provides a stable income stream with a monthly rent of $6,259.31, and the landlord covers taxes and fire insurance. Built with block and brick construction and featuring central heating, central air, and a tar/gravel roof, this asset presents a low-maintenance structure suited for healthcare operators or investors seeking a reliable income-producing property.
Located one block from Wellstar Spalding Regional Hospital, the site offers excellent connectivity for medical users and the patient community. The property sits on a 0.52-acre lot with available parking and easy access to public utilities, including water, sewer, and cable. With an asking price of $875,000 and strong tenant performance, this property delivers both current cash flow and long-term potential in a well-established medical corridor serving Griffin and surrounding areas.
Located one block from Wellstar Spalding Regional Hospital, the site offers excellent connectivity for medical users and the patient community. The property sits on a 0.52-acre lot with available parking and easy access to public utilities, including water, sewer, and cable. With an asking price of $875,000 and strong tenant performance, this property delivers both current cash flow and long-term potential in a well-established medical corridor serving Griffin and surrounding areas.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,856 SF
Building Class
C
Year Built
1974
Price
$1,241,739 CAD
Price Per SF
$255.71 CAD
Cap Rate
8.58%
NOI
$106,593 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
4,856 SF
Building FAR
0.21
Lot Size
0.52 AC
Zoning
PCD - Planned Commercial Development
Property Taxes
| Parcel Number | 026-02-020 | Improvements Assessment | $383,845 CAD |
| Land Assessment | $51,432 CAD | Total Assessment | $435,277 CAD |
Property Taxes
Parcel Number
026-02-020
Land Assessment
$51,432 CAD
Improvements Assessment
$383,845 CAD
Total Assessment
$435,277 CAD
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