409 Mead RdDecatur, GA 30030

Property Details for 409 Mead Rd

Year built

1963

Lot size

0.02 AC

Property size (Sq ft)

1,008 SF

Zone code

C1

Property type

Office properties

Property subtype

Office buildings

APN

15 213 04 211

APU

1521304211

Description

This exceptional mixed-use property, located at 409 Mead Road Unit 1 in Decatur, Georgia's desirable Historic Downtown Oakhurst, presents a unique investment opportunity. Built in 1961, this property boasts six buildings situated on a 0.027-acre lot. The asking price is $478,999. Its prime location within the thriving Oakhurst community offers unparalleled convenience and accessibility to local amenities, businesses, and cultural attractions. The property's mixed-use zoning allows for a variety of potential uses, making it an ideal investment for both seasoned and aspiring entrepreneurs. The compact lot size, while offering a manageable footprint, still provides ample space for the existing six buildings. This presents a chance to capitalize on the current setup or to explore redevelopment opportunities, subject to local zoning regulations. The property's age offers a blend of character and potential for modernization, allowing for creative vision and adaptation to current market demands. Its location in the heart of Historic Downtown Oakhurst ensures high visibility and foot traffic, contributing to its strong potential for rental income or business operations. This property is an excellent choice for those seeking a versatile investment in a vibrant and sought-after Georgia location. The address is 409 Mead Road Unit 1, Decatur, GA 30030.

• CAP approach

  CAP return

  Valuation

  6%

  $216,583

  6.5%

  $199,923

  7%

  $185,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $196,620

  Geo Method

  $196,620

• Alternative Use

  Use

  Valuation

  Residential

  $247,904

  Hospitality

  $227,079

  Educational

  $188,927

  Medical

  $195,424

  Retail

  $293,886

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Latitude

33.7605

Longitude

-84.304

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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