663 11Th StAtlanta, GA 30318

Property Details for 663 11Th St

Year built

1965

Lot size

0.30 AC

Property size (Sq ft)

9,900 SF

Zone code

I1

Property type

Retail properties

Property subtype

Retail space

APN

17 015000071482

APU

17015000071482

Description

This exceptional 0.25-acre commercial land parcel, located in Atlanta's vibrant Midtown West submarket at 663-667 11th Street NW, offers a prime opportunity for short-term lease. The property features a fully operational parking lot with capacity for 28+ vehicles, providing convenient parking solutions in a high-demand area. Situated in Fulton County, Georgia, zip code 30318, this single-tenant property boasts easy access to Northside Drive and benefits from the bustling activity of Midtown West. The existing building on the site is currently leased, making this a unique investment opportunity focused solely on the parking lot's income potential. The property's location within Midtown West ensures high visibility and accessibility, making it an attractive option for businesses and individuals seeking convenient parking. This short-term lease presents a flexible and lucrative opportunity to capitalize on the strong demand for parking in this desirable Atlanta neighborhood. The land is zoned for commercial use. Interested parties should inquire about lease terms and conditions.

• CAP approach

  CAP return

  Valuation

  6%

  $2,453,466

  6.5%

  $2,264,738

  7%

  $2,102,971

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,592,280

  Geo Method

  $4,866,357

• Alternative Use

  Use

  Valuation

  Residential

  $1,910,391

  Hospitality

  $1,749,908

  Educational

  $1,455,903

  Medical

  $1,505,974

  Retail

  $2,264,738

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7834

Longitude

-84.4091

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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