2287 Cascade RdAtlanta, GA 30311

Property Details for 2287 Cascade Rd

Year built

1950

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

4,227 SF

Zone code

C1

Property type

Retail space

APN

14 018400010081

APU

14018400010081

Description

This exceptional retail investment opportunity presents a fee-simple, multi-tenant shopping center and storefront property located at 2287 Cascade Rd, Atlanta, GA 30311. The 4,704 square foot net rentable space is situated on a 10,350 square foot lot and features five tenants, including a nationally recognized restaurant. The property boasts a strong 7.00% cap rate with a current NOI of $112,060. All leases are NNN (Net, Net, Net), minimizing landlord responsibilities. The property benefits from a prime location within the Cascade Heights Commercial Historic District and is designated as a Federal Opportunity Zone, offering significant tax advantages. Built in 1950 with renovations completed in 2022, the two-story building features updated infrastructure, including new sewer and water lines, and three-phase electrical service. The property is zoned NC-6 and enjoys a high occupancy rate. Annual rent bumps of 3% provide consistent income growth. The surrounding area is experiencing significant revitalization, with new construction and renovations underway. Conveniently located within 12 minutes of Downtown Atlanta and 18 minutes from Hartsfield-Jackson Atlanta International Airport, this property offers exceptional accessibility and strong growth potential. The property's location offers proximity to numerous parks, green spaces, and recreational amenities. The sale includes all executed leases and supporting documentation. The occupancy date is November 12, 2024. The asking price is $1,600,000.

• CAP approach

  CAP return

  Valuation

  6%

  $854,419

  6.5%

  $788,695

  7%

  $732,359

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,077,787

  Geo Method

  $2,077,787

• Alternative Use

  Use

  Valuation

  Residential

  $665,294

  Hospitality

  $609,405

  Educational

  $507,018

  Medical

  $524,455

  Retail

  $788,695

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7224

Longitude

-84.464

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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