500 Northlake DrPeachtree City, GA 30269

Property Details for 500 Northlake Dr

Year built

1981

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

22,355 SF

Zone code

C GC

Property type

Retail properties

Property subtype

Banks

APN

0732 054

APU

732054

Description

This exceptional South Atlanta office property offers a variety of spaces ideal for businesses seeking a convenient and well-connected location. The building, a single three-story structure totaling 29,047 square feet, underwent renovations in 2019, ensuring modern amenities within a classic design. Currently, 3,796 square feet of space is available, with a maximum contiguous space of 3,796 square feet. The building features five total suites, offering flexibility for businesses of various sizes. The property sits on one acre of land and is conveniently located near Highway 54, providing easy access to major transportation routes. The building boasts an elevator (hydraulic) for easy access to all three floors, each with an 8-foot ceiling height. The property is zoned C CG and is located in Fayette County's South Atlanta submarket. Its proximity to Peachtree City's extensive network of golf cart and bike paths offers a unique commuting option. The building's Class B designation reflects its well-maintained condition and attractive features. Property taxes are $1.08 per square foot. The location is also within walking distance of restaurants, banks, and shopping, providing employees with numerous conveniences. This is an excellent opportunity for professional services firms, including legal, accounting, or other businesses seeking a high-quality, accessible office space.

• CAP approach

  CAP return

  Valuation

  6%

  $4,179,830

  6.5%

  $3,858,305

  7%

  $3,582,712

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,988,627

  Geo Method

  $10,988,627

• Alternative Use

  Use

  Valuation

  Residential

  $3,254,624

  Hospitality

  $2,981,218

  Educational

  $2,480,339

  Medical

  $2,565,642

  Retail

  $3,858,305

Location Insight

City

Peachtree City

County

Fayette

State

Georgia

Latitude

33.4004

Longitude

-84.5859

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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