249 Milton AveAtlanta, GA 30315

  • Warehouses
  • 7,911 SF
For Sale
$2,900,000 View listing

Property Details for 249 Milton Ave

Year built
1943
Construction
WOOD
Lot size
1.04 AC
Property size (Sq ft)
7,911 SF
Zone code
I2
Property type
Warehouses
APN
14 005600060032
APU
14005600060032

Description

This exceptional 14,395 square foot property, located at 249 Milton Avenue SE in Atlanta, Georgia, presents a compelling investment opportunity. Situated on a 1.4-acre lot in Fulton County (zip code 30315), this mixed-use building offers a blend of executive office and warehouse space, ideal for a variety of businesses. The asking price is $2,900,000, translating to a price per square foot of $201.46. The property boasts a highly attractive 4.50% capitalization rate, making it an attractive prospect for investors seeking strong returns. Its convenient location offers easy access to the BeltLine, enhancing its appeal and potential for growth. The property's classification as both office and industrial space provides significant flexibility for potential tenants or owners. This prime location within an opportunity zone further enhances its investment potential. The building's substantial size and versatile layout provide ample space for various business operations. This is a rare opportunity to acquire a well-positioned, high-yield property in a thriving Atlanta market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,245,124
    Hospitality
    $1,140,526
    Educational
    $948,905
    Medical
    $981,539
    Retail
    $1,476,074

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.7191
Longitude
-84.3806
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
-
$35,960
$375,000
$410,960
-
$89,900
$937,500
$1,027,400

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