27 W Doyle Steet Toccoa, GA 30577

Historic Downtown Toccoa is booming! This building is screaming opportunity!! Current CAP Rate (Capitalization Rate or Return on Investment) with only one tenant - 10% Cap Rate formula used: Income = $25,416 annually - Operating Expense 20% = $20,332.80 Net Operating Income divided by the purchase price. 3 Ground Level Entrances for rental opportunities. 7/1/22 – 6/30/23 | Monthly $2,118.75 | Annual $25,425.00 7/1/23 – 6/30/24 | Monthly $2,500.00 | Annual $30,000.00 7/1/24 – 6/30/25 | Monthly $2,700.00 | Annual $32,400.00 Available for lease - previous SCDA space, good condition - includes large reception area/office, restrooms, break room, conference room and 4 offices. Another store front facing Doyle Street is ready for renovation and could be income producing. Building sold "as is" - work needed. Facade Grants available per entrance - information available Tax Credits available - can be used over a 10 year period The Department of Juvenile Justice occupies 27 W Doyle. Please do not disturb. The building requires special arrangements to be shown. Please allow 60 days for closing if your buyer decides to make an offer.Preferred attorney:  Sanders, Ranck and Skilling.A New survey has been ordered and a new legal description will be prepared from the new survey.The property will include an easement for the owners of 111 Sage St. to use the back door.