981 Joseph E Lowery BlvdAtlanta, GA 30318

Property Details for 981 Joseph E Lowery Blvd

Year built

1936

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

4,178 SF

Zone code

I1

Property type

Office properties

APN

17 0150 LL1555

APU

170150LL1555

Description

This exceptional 6,979 square foot creative office space is available for lease at the prestigious King Plow Arts Center in Atlanta's vibrant West Midtown submarket. Located at 981 Joseph E. Lowery Blvd NW, Atlanta, GA 30318, this single-tenant property offers a unique blend of functionality and style. The space boasts 12 private offices, ample open space ideal for workstations, a sophisticated executive boardroom, four restrooms, a fully equipped kitchen, a dedicated fitness area, and a built-in bar and lounge area, perfect for fostering collaboration and employee well-being. The property also includes convenient access to a secured surface parking lot with two reserved spaces. The asking lease rate is $24.00 per square foot on a modified gross basis. This represents a reduced rate. The property is also available for sale at $1,890,000. This prime location offers easy access to major transportation routes and a thriving arts and cultural scene. This is a rare opportunity to secure a highly desirable and well-appointed office space in one of Atlanta's most sought-after neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $700,277

  6.5%

  $646,410

  7%

  $600,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $770,440

  Geo Method

  $814,961

• Alternative Use

  Use

  Valuation

  Residential

  $801,548

  Hospitality

  $734,214

  Educational

  $610,857

  Medical

  $631,865

  Retail

  $950,222

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7814

Longitude

-84.4169

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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