105 Ormond StAtlanta, GA 30315

Property Details for 105 Ormond St

Year built

1940

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

2,320 SF

Zone code

C1

Property type

Retail properties

Property subtype

Retail space

APN

14 005400071361

APU

14005400071361

Description

This exceptional two-story commercial property, spanning approximately 3,384 square feet on a 0.15-acre corner lot in Atlanta's Summerhill neighborhood, presents a unique investment opportunity. Ideally situated near Georgia Avenue's vibrant retail and dining scene and the new MARTA Rapid Summerhill project, this location ensures high visibility and accessibility. The property's versatility allows for a wide range of uses, including retail, event spaces, or a community-focused concept. Its proximity to Downtown Atlanta, East Atlanta, Ponce City Market, Georgia State University, and major amenities further enhances its appeal. The building offers high-visibility branding potential due to its corner lot location and significant pedestrian and vehicle traffic. Sold as-is, this property provides a value-add opportunity for investors to customize the space to their vision, contributing to the ongoing revitalization of Summerhill and Peoplestown. This is a chance to be part of Atlanta's dynamic growth story, in a location that seamlessly blends historic charm with urban revival. The property's convenient access to public transportation adds to its overall desirability. This is an exceptional opportunity to establish a thriving business in a rapidly developing and highly sought-after area of Atlanta.

• CAP approach

  CAP return

  Valuation

  6%

  $468,950

  6.5%

  $432,877

  7%

  $401,957

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,140,399

  Geo Method

  $1,140,399

• Alternative Use

  Use

  Valuation

  Residential

  $365,148

  Hospitality

  $334,474

  Educational

  $278,278

  Medical

  $287,849

  Retail

  $432,877

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7314

Longitude

-84.3845

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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