898 Oak StAtlanta, GA 30310

  • Other commercial real estate
  • 1,930 SF
For Sale
$1,675,000 View listing

Property Details for 898 Oak St

Year built
2006
Lot size
0.04 AC
Property size (Sq ft)
1,930 SF
Zone code
C1
Property type
Other commercial real estate
APN
14 0108 LL1415
APU
140108LL1415

Description

This exceptional 8,624 square foot retail property, located at 898 Oak St SW in Atlanta, GA 30310, presents a compelling investment opportunity. Built in 2007, this single-story, 1-building complex boasts six (6) 100% occupied storefronts, operating under a NNN lease structure. The property features a strong NOI of $117,243, resulting in a 7.00% cap rate and an asking price of $1,675,000 ($194.23/sq ft). Current tenants include a diverse mix of businesses, including a pizza restaurant, tattoo parlor, hair salon, nail salon, barbershop, and a record lounge. The property benefits from its prime location adjacent to Mall West End, a site slated for significant mixed-use redevelopment, promising substantial future growth. The area enjoys high visibility, with 18,551 vehicles passing daily on Joseph E. Lowery Boulevard, and a dense population base, exceeding 535,000 within a 5-mile radius. Average household income within a 1-mile radius is $64,679, projected to increase by 22.65% over the next five years. The property is zoned C3 and is situated near the Atlanta BeltLine, the Atlanta University Center Consortium, and a planned Microsoft campus, further enhancing its long-term potential. This investment offers a rare combination of immediate income and significant future appreciation potential in a rapidly developing area of Atlanta.

898 Oak St, Atlanta, Georgia

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.7391
Longitude
-84.4172
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
-
$100,400
$95,160
$195,560
-
$251,000
$237,900
$488,900

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