536 Decatur St.Atlanta, GA 30312
- Retail space
- 7,820 SF
Property Details for 536 Decatur St.
- Year built
- 1940
- Construction
- WOOD
- Lot size
- 0.57 AC
- Property size (Sq ft)
- 7,820 SF
- Zone code
- I1
- Property type
- Retail space
- APN
- 14 004500031201
- APU
- 14004500031201
Description
This thriving 1,000 sq ft restaurant in Atlanta's Old Fourth Ward is available for $262,000. Located at 536 Decatur St. SE Suite A, 30312, this Class B property boasts a prime location near Krog Street Market and the Beltline, drawing significant foot traffic. The current lease has three years remaining, with two five-year renewal options available. Rent is $5,500/month, inclusive of electricity, gas, and water. The property includes 25 parking spaces, a significant advantage in this area. The fully equipped kitchen features a 10-foot commercial hood and a 1,500-gallon underground grease trap, along with ample refrigeration. All equipment is included, ensuring a seamless transition for the new owner. Currently operating at 100% occupancy, this is an exceptional opportunity for restaurant expansion, catering, food truck operators, or cloud/ghost kitchens. The space is situated within O4W Market, adjacent to Fetch Park O4W, attracting thousands of weekly visitors. This turnkey operation offers immediate revenue potential and a strong foundation for future growth in a vibrant and desirable Atlanta neighborhood. This is a gross lease.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,580,686
- 6.5%
- $1,459,095
- 7%
- $1,354,874
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,843,930
- Geo Method
- $3,843,930
-
Alternative Use
- Use
- Valuation
- Residential
- $1,230,801
- Hospitality
- $1,127,407
- Educational
- $937,989
- Medical
- $970,248
- Retail
- $1,459,095
Location Insight
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Latitude
- 33.7522
- Longitude
- -84.3701
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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