633 Antone StAtlanta, GA 30318

  • Office properties
  • 6,560 SF
For Sale
$2,375,000 View listing

Property Details for 633 Antone St

Year built
1961
Lot size
0.39 AC
Property size (Sq ft)
6,560 SF
Zone code
I1
Property type
Office properties
Property subtype
Office buildings
APN
17 015200070425
APU
17015200070425

Description

This exceptional Class A creative office property, located at 633 Antone Street NW in Atlanta, Georgia, presents a unique owner-user investment opportunity. The property consists of two connected buildings totaling 6,000 square feet, situated on a 0.4-acre lot in the vibrant Upper Westside/Midtown area. The buildings feature exposed high ceilings and large windows, creating a bright and inspiring workspace. Currently, one building is occupied by a single tenant under a net-net lease expiring October 31, 2025, representing 33% occupancy. The lease commenced October 1, 2024, with a remaining term of approximately one year. The property is zoned I-1 and offers ample parking, with 21 spaces per 1,000 square feet. Its prime location offers easy access to major transportation routes, including I-75, and is within close proximity to a variety of dining, shopping, and entertainment options. The asking price for this exceptional property is $2,375,000. This is an ideal opportunity for a business seeking a unique and well-located space to own and operate. The property's blend of historic charm and modern updates makes it a highly desirable asset in a thriving Atlanta neighborhood. The two buildings are connected by a common demising wall, offering flexibility for expansion or multi-tenant use.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,445,248
    6.5%
    $1,334,075
    7%
    $1,238,784
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,100,648
    Geo Method
    $1,279,594
  • Alternative Use

    Use
    Valuation
    Residential
    $1,654,253
    Hospitality
    $1,515,287
    Educational
    $1,260,701
    Medical
    $1,304,058
    Retail
    $1,961,091
633 Antone St, Atlanta, Georgia

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.7991
Longitude
-84.409
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$171,000
$245,000
$416,000
-
$427,500
$612,500
$1,040,000

FAQs

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