2573 Gresham RdAtlanta, GA 30316

Property Details for 2573 Gresham Rd

Year built

2017

Lot size

1.16 AC

Property size (Sq ft)

8,591 SF

Zone code

C1

Property type

Retail properties

Property subtype

Outlet malls

APN

15 116 01 078

APU

1511601078

Description

This 8,591 square foot single-tenant retail property, located at 2573 Gresham Rd SE, Atlanta, GA 30316, is situated on a 1.16-acre lot (50,530 sq ft) and offers 8,330 square feet of vacant space. Built in 2017 and renovated in 2023, this Class B building features upgraded brick construction on all sides and boasts excellent visibility with two access points. The property includes 33 total parking spaces and is conveniently located off Interstate 20, near a bus stop, Walmart, and other shopping centers. The zoning is C-1. High traffic counts, with approximately 14,600+ cars passing daily (data as of 6/12/24), and a dense surrounding demographic of over 118,000 residents within a 5-mile radius (esri census data as of 6/12/24) make this an ideal location for a variety of businesses. A Triple NNN lease option is available. The property's location at the intersection of Gresham Rd SE and Welland Avenue SE provides easy access and high visibility. Annual property taxes are $4.72 per square foot. The building is a single-story structure.

• CAP approach

  CAP return

  Valuation

  6%

  $1,736,531

  6.5%

  $1,602,952

  7%

  $1,488,455

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,222,916

  Geo Method

  $4,222,916

• Alternative Use

  Use

  Valuation

  Residential

  $1,352,150

  Hospitality

  $1,238,562

  Educational

  $1,030,469

  Medical

  $1,065,908

  Retail

  $1,602,952

Location Insight

City

Atlanta

County

Dekalb

State

Georgia

Latitude

33.7127

Longitude

-84.3109

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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