590 Means StAtlanta, GA 30318

  • Office properties
  • 17,000 SF
For Lease
$39.50/SF/YR View listing

Property Details for 590 Means St

Year built
1920
Construction
WOOD
Lot size
5.52 AC
Property size (Sq ft)
17,000 SF
Zone code
I2
Property type
Office properties
Property subtype
Office buildings
APN
14 008100070634
APU
14008100070634

Description

This exceptional West Midtown Atlanta office property, Carriage Works (Building 590), offers 40,552 square feet of creative office space in a historic building. Originally constructed in 1940 and extensively renovated in 2014, this two-story Class B building boasts a unique loft-office environment. Located just two blocks from Georgia Tech in the vibrant West Midtown/GA Tech submarket of Fulton County, the property features a minimum divisible space of 1,030 square feet and a maximum contiguous space of 7,180 square feet. Currently, 14,546 square feet is available. The property sits on 2.25 acres and includes elevators and ample parking (3 spaces per 1,000 square feet). This adaptive reuse project offers a distinctive blend of historical charm and modern functionality, making it an ideal location for businesses seeking a unique and inspiring workspace. The property's central location provides easy access to Georgia Tech, major transportation routes, and the amenities of Midtown Atlanta. This is a rare opportunity to lease space in a highly sought-after location with a rich history.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,646,694
    6.5%
    $2,443,102
    7%
    $2,268,595
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,204,563
    Geo Method
    $3,316,020
  • Alternative Use

    Use
    Valuation
    Residential
    $3,029,447
    Hospitality
    $2,774,957
    Educational
    $2,308,732
    Medical
    $2,388,132
    Retail
    $3,591,360
590 Means St, Atlanta, Georgia

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.7729
Longitude
-84.4058
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$405,523
$1,192,320
$8,602,920
$9,795,240
-
$2,980,800
$21,507,300
$24,488,100

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