691 Mcdaniel StAtlanta, GA 30310

Property Details for 691 Mcdaniel St

Year built

1964

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

270 SF

Zone code

C2

Property type

Retail properties

Property subtype

Auto shops

APN

14 008600020394

APU

14008600020394

Description

This exceptional 0.092-acre lot at 691 McDaniel St, Atlanta, GA 30310 presents a remarkable investment opportunity. Zoned C2, it offers the flexibility to develop single-family or multi-family residential units, subject to minimal county review. The property is largely cleared, boasting excellent street frontage. Built in 1964, this special purpose property is ideally situated in a thriving neighborhood with nearby homes valued in the $400,000 to $500,000 range, indicating strong market demand. The location provides convenient access to major attractions, including the Georgia Aquarium, Zoo Atlanta, Centennial Olympic Park, and Georgia State University, all within less than ten minutes. The presence of both residential and commercial properties in the immediate vicinity further underscores the diverse development potential of this site. This is a rare chance to acquire a strategically located parcel in a high-growth area of Atlanta, offering endless possibilities for savvy investors and developers. The asking price is $110,000.

• CAP approach

  CAP return

  Valuation

  6%

  $54,576

  6.5%

  $50,378

  7%

  $46,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $132,719

  Geo Method

  $132,719

• Alternative Use

  Use

  Valuation

  Residential

  $42,496

  Hospitality

  $38,926

  Educational

  $32,386

  Medical

  $33,500

  Retail

  $50,378

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7361

Longitude

-84.4019

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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