2645 N Berkeley Lake Rd
Duluth, GA 30096 Duluth

• Unit Size: 1,200 SF
• Condo Use: Retail
• Price: $360,000 USD
• Sale Type: Investment
• Price/SF: $300.00 USD

Description

Point Berkeley II Retail Condominium: A Premier Business Destination
Established in 2007/2008, Point Berkeley II Retail Condominium is a strategically located commercial hub in Duluth, Gwinnett County. This expansive development covers a total of 168,994 square feet and is meticulously designed to support a thriving mix of Retail and Retail/Office environments.
The complex is anchored by Building C, a massive 53,794 square foot facility that serves as the heart of the development, perfectly accommodating major destinations like SpaLand. Surrounding the main anchor is a collection of high-quality buildings (A, A-1, B, D, E, and F) featuring 97 units primarily sized at 1,200 square feet each, offering the perfect scale for boutique shops, professional services, or medical offices.
Whether for a high-traffic restaurant, a professional firm, or a specialty retail store, this condominium offers an established, well-structured environment for business success

Sale Notes

1. A rare opportunity to acquire one of the last affordable retail spaces in the high-demand Duluth area.
2. A 5-year long-term lease agreement remains in effect until August 31, 2028.
3. Investment value is enhanced by $100 annual monthly rent increases that serve as a consistent hedge against inflation.
4. 6.75% CAP rate based on the $360,000 asking price with significant potential for future income growth.
5. Landlords benefit from a hassle-free, low-maintenance investment as the Condo Association (COA) oversees professional property management and building maintenance