2991 Buford HwyAtlanta, GA 30329

Property Details for 2991 Buford Hwy

Year built

1976

Construction

WOOD FRAME

Lot size

0.47 AC

Property size (Sq ft)

1,890 SF

Zone code

X

Property type

Retail properties

Property subtype

Retail space

APN

18 156 01 018

APU

1815601018

Description

This exceptional redevelopment opportunity encompasses a 44,000 square foot mixed-use property situated on over one acre of land at 2991 Buford Highway NE in Atlanta, Dekalb County, Georgia, zip code 30329. Currently operating at 100% occupancy, this prime location offers significant potential for future development. The property is zoned for mixed-use development, allowing for a wide range of possibilities to suit an investor's vision. The existing structure presents a substantial footprint for renovation or repurposing, catering to a variety of commercial uses. The property benefits from its high visibility and accessibility along Buford Highway, a major thoroughfare with high traffic volume and significant pedestrian activity. The ground lease arrangement provides additional flexibility for long-term investment strategies. This is an exceptional chance to acquire a substantial mixed-use asset in a thriving Atlanta location, ripe for redevelopment and poised for significant returns. The property's address is 2891/2991 Buford Highway NE.

• CAP approach

  CAP return

  Valuation

  6%

  $722,258

  6.5%

  $666,699

  7%

  $619,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $960,083

  Geo Method

  $929,032

• Alternative Use

  Use

  Valuation

  Residential

  $562,386

  Hospitality

  $515,142

  Educational

  $428,592

  Medical

  $443,332

  Retail

  $666,699

Location Insight

City

Brookhaven

County

Dekalb

State

Georgia

Latitude

33.8349

Longitude

-84.3381

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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