898 Oak StAtlanta, GA 30310
- Other commercial real estate
- 1,930 SF
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.
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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