1629 Lakewood AveAtlanta, GA 30315

Property Details for 1629 Lakewood Ave

Year built

1965

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

838 SF

Zone code

C2

Property type

Retail space

APN

14 005700170483

APU

14005700170483

Description

This exceptional 500-square-foot storefront property, located at 1629 Lakewood Ave SE in Atlanta, Georgia (zip code 30315), presents a compelling investment opportunity for owner-users or developers. Priced at $400,000 ($800 per square foot), this single-story retail space sits on a half-acre lot (0.5 acres) and is zoned MRC-1-C by the City of Atlanta. The property currently houses a month-to-month U-Haul tenant, offering immediate income potential or redevelopment possibilities. A comprehensive environmental assessment has been completed, resulting in a "No Further Action Required" (NFA) letter from the EPA, ensuring a clean and compliant acquisition. This prime location in Fulton County offers excellent visibility and accessibility, making it ideal for a variety of retail ventures. The property's size and zoning provide flexibility for various uses, allowing for customization to suit specific business needs. This is a rare opportunity to acquire a well-situated, commercially zoned property in a thriving Atlanta neighborhood with a clean environmental record. The current lease provides a short-term income stream while allowing for future planning and development.

• CAP approach

  CAP return

  Valuation

  6%

  $141,503

  6.5%

  $130,618

  7%

  $121,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $169,999

  Geo Method

  $169,999

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $265,453

  Mixed-Use / Specialty

  $125,814

  Hospitality / Lodging

  $86,657.80

  Office

  $120,548

  Institutional / Educational

  $129,246

  Residential Income

  $151,217

  Multifamily

  $205,412

  Automotive / Energy

  $110,782

  Parking / Income-Based Land

  $42,515.50

  Restaurant / Food Service

  $56,178.60

  Healthcare / Senior Housing

  $133,469

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7097

Longitude

-84.3802

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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