1599 Howell Mill RdAtlanta, GA 30318

Property Details for 1599 Howell Mill Rd

Year built

1920

Construction

WOOD FRAME

Lot size

0.19 AC

Property size (Sq ft)

658 SF

Zone code

C1

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

17 015200050294

APU

17015200050294

Description

This exceptional investment opportunity presents two commercial buildings totaling approximately 4,058 square feet on a 0.195-acre corner lot in Atlanta's Upper Westside. The main building, roughly 3,400 square feet, currently houses eight bedrooms, three bathrooms, a kitchen, office, laundry facilities, and spacious living and dining areas. It features central HVAC and a sprinkler system. A secondary structure of approximately 658 square feet includes a one-bedroom, one-bathroom apartment and an under-building garage. A lockable storage shed is also located on the property. The property boasts high visibility and exposure on Howell Mill Road, with daily traffic counts exceeding 23,100 vehicles. Zoned MRC-2 with a BeltLine Overlay, this property offers diverse redevelopment potential. Its prime location provides easy access to MARTA bus service, I-75, West Midtown, and numerous restaurants and retail establishments. The future Westside BeltLine Trail is within walking distance. The asking price is $850,000, representing $209.46 per square foot and $106,250 per unit. The property's address is 1599 Howell Mill Rd NW, Atlanta, GA 30318, with APN 17 015200050294.

• CAP approach

  CAP return

  Valuation

  6%

  $170,525

  6.5%

  $157,408

  7%

  $146,165

• Comparable approach

  Method

  Valuation

  Relative Method

  $113,712

  Geo Method

  $132,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $301,534

  Retail / Commercial

  $154,046

  Mixed-Use / Specialty

  $153,041

  Hospitality / Lodging

  $111,687

  Office

  $151,656

  Institutional / Educational

  $158,937

  Residential Income

  $185,957

  Multifamily

  $225,556

  Automotive / Energy

  $136,232

  Parking / Income-Based Land

  $47,462.80

  Restaurant / Food Service

  $78,623.90

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7988

Longitude

-84.4157

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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