760 Murphy AveAtlanta, GA 30310
- Commercial land
- 2,088 SF
Property Details for 760 Murphy Ave
- Year built
- 1925
- Lot size
- 0.08 AC
- Property size (Sq ft)
- 2,088 SF
- Zone code
- I1
- Property type
- Commercial land
- APN
- 14 010700070014
- APU
- 14010700070014
Description
This exceptional 0.225-acre commercial property, located at 760 Murphy Avenue SW in Atlanta, Georgia, presents a remarkable investment opportunity. Situated on a corner lot at the intersection of Murphy Avenue and Shelton Avenue, this property boasts excellent visibility and accessibility. The lot is zoned C604 for commercial use, allowing for a diverse range of development possibilities. Currently featuring a multifamily structure built in 2018, which wraps the property in an “L” shape, the property offers a unique canvas for redevelopment or repurposing. The existing building provides immediate income potential while allowing for future expansion or redevelopment plans. The level ground and frame construction simplify development processes. This prime location offers proximity to the Atlanta Beltline and Metropolitan Parkway, providing convenient access to major transportation routes. Furthermore, its location within five miles of five major universities presents a significant advantage for businesses catering to the substantial student population of nearly 100,000. The asking price is $2,000,000. This property is ideal for ventures such as multifamily residences, event spaces, restaurants, or other commercial uses. Don't miss this chance to acquire a highly desirable commercial property in a thriving Atlanta neighborhood. The property was built in 1989 and includes one building.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $328,633
- Hospitality
- $301,026
- Educational
- $250,450
- Medical
- $259,064
- Retail
- $389,589
Location Insight
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Latitude
- 33.7343
- Longitude
- -84.4122
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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