1615 Memorial DrAtlanta, GA 30317

Property Details for 1615 Memorial Dr

Year built

1969

Construction

WOOD FRAME

Lot size

0.01 AC

Property size (Sq ft)

1,120 SF

Zone code

C1

Property type

Turn key restaurants

APN

15 178 04 015

APU

1517804015

Description

This 1,120-square-foot vacant commercial property, located at 1615 Memorial Dr SE in Atlanta, GA 30317, presents a compelling owner-user or value-add investment opportunity. The property, built in 1969, is situated on a 0.17-acre lot and features a single-story building with seven parking spaces. Its zoning is commercial, and it benefits from high traffic counts: 19,928 vehicles per day on Memorial Drive and 162,100 vehicles per day on I-20. The property is a former restaurant, making it ideal for a quick-service restaurant (QSR), restaurant, or storefront operation. The lease type is NNN, and the property has one ingress/egress point. This location near downtown Atlanta offers excellent visibility and accessibility, making it an attractive proposition for a variety of businesses. The property is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's needs. This is a rare opportunity to acquire a well-located commercial property in a high-traffic area of Atlanta. The property is suitable for redevelopment or repurposing, presenting a significant value-add potential for the right investor.

• CAP approach

  CAP return

  Valuation

  6%

  $226,390

  6.5%

  $208,975

  7%

  $194,048

• Comparable approach

  Method

  Valuation

  Relative Method

  $550,537

  Geo Method

  $550,537

• Alternative Use

  Use

  Valuation

  Residential

  $176,278

  Hospitality

  $161,470

  Educational

  $134,341

  Medical

  $138,961

  Retail

  $208,975

Location Insight

City

Atlanta

County

Dekalb

State

Georgia

Latitude

33.7472

Longitude

-84.3345

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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