500 Lanier AveFayetteville, GA 30214

Property Details for 500 Lanier Ave

Year built

2000

Lot size

11.76 AC

Zone code

C C2

Property type

Commercial land

APN

52318001

APU

52318001

Description

This exceptional 1,126 square foot commercial property located at 500 W Lanier Avenue Unit 501, Fayetteville, GA, presents a lucrative investment opportunity. Currently configured as five independent salon suites, this turnkey operation boasts a history of consistent leasing activity. Each suite is equipped with a styling chair and hair dryer, contributing to its immediate revenue-generating potential. The property includes two shared sinks and a client restroom, enhancing convenience and functionality. All existing furnishings are included in the listed price of $279,900, minimizing upfront investment costs for the new owner. A space-saving washer and dryer closet adds to the practicality of the layout. The property's versatility allows for potential conversion to other commercial uses, expanding future possibilities. Enjoy a relaxing front porch, perfect for downtime. The monthly HOA fee of $176.24 covers water, trash removal, and exterior maintenance of the complex, simplifying ownership responsibilities. This is a rare chance to acquire a well-established, income-producing property in a desirable location. The consistent lease history and turnkey nature of this business make it an attractive option for both seasoned investors and first-time buyers seeking a low-maintenance, high-return investment.

• Alternative Use

  Use

  Valuation

  Residential

  $74,579,888

  Hospitality

  $68,314,776

  Educational

  $56,837,092

  Medical

  $58,791,808

  Retail

  $88,413,256

Location Insight

City

Fayetteville

County

Fayette

State

Georgia

Latitude

33.4459

Longitude

-84.4632

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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