1181 Lee StAtlanta, GA 30310

Property Details for 1181 Lee St

Year built

1940

Construction

WOOD

Lot size

0.19 AC

Property size (Sq ft)

3,996 SF

Zone code

C2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

14 011900051044

APU

14011900051044

Description

This exceptional mixed-use property, located at 1181 Lee Street SW in Atlanta, Georgia, presents a unique investment opportunity. Built in 1940, this 6000+ square foot building sits on a 0.195-acre lot and offers a versatile layout currently configured with several fully finished salon suites on the ground floor and ample office space. The property includes three full bathrooms and two half bathrooms for convenience. Upstairs, a charming apartment features a modern kitchen, bathroom, and living room. Three central HVAC units ensure climate control throughout. Ample parking is available on-site. The property's zoning allows for a wide range of uses, including but not limited to: salon/barber shop, office space, apartment building, micro-hotel, rooming house, Airbnb, restaurant, bar, nightclub, event space, convenience store, TV studio, and music studio. Its prime location in Atlanta's historic West End neighborhood offers easy access to I-20, I-85, and I-75, placing it within convenient reach of downtown Atlanta. The area boasts a vibrant community with nearby landmarks such as the Wren's Nest, Hammonds House Museum, and the Shrine of the Black Madonna, as well as proximity to Spelman College, Clark Atlanta University, and Morehouse College. The BeltLine's proximity provides access to Atlanta's thriving food, culture, and nightlife scene. This fee-simple ownership opportunity presents a rare chance to acquire a piece of Atlanta history with no HOA fees. The asking price is $1,750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $549,474

  6.5%

  $507,207

  7%

  $470,978

• Comparable approach

  Method

  Valuation

  Relative Method

  $779,460

  Geo Method

  $779,460

• Alternative Use

  Use

  Valuation

  Residential

  $628,936

  Hospitality

  $576,102

  Educational

  $479,310

  Medical

  $495,794

  Retail

  $745,594

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.723

Longitude

-84.4228

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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