1805 Piedmont AveAtlanta, GA 30324

Property Details for 1805 Piedmont Ave

Year built

1969

Construction

WOOD

Lot size

0.24 AC

Property size (Sq ft)

1,800 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

17 005100010472

APU

17005100010472

Description

This exceptional 4,000 square foot office building presents a rare investment opportunity on Atlanta's coveted Piedmont Avenue corridor. Situated on a 0.279-acre lot (APN 17-0051-0001-047-2) in Fulton County's Commercial Service District (C-2), this property boasts 16 parking spaces and 48 feet of frontage along Piedmont Avenue. A conceptual plan outlines a two-tenant building, maximizing space and functionality. The property's acceptance into Georgia EPD's Brownfield Program ensures a swift and cost-effective remediation process (estimated at +/- 3 months), eliminating environmental concerns and offering significant property tax credit benefits. This prime location benefits from high visibility, strong retail surroundings, and exceptional accessibility, with approximately 23,000 vehicles passing daily on I-85 nearby. The surrounding 1-mile radius demonstrates a robust demographic profile, featuring a median household income of $95,000 and a 35% growth rate since 2010. This build-to-suit or site acquisition opportunity is ideal for investors seeking a high-return property in a thriving Atlanta location. The asking price is $995,000. The property is zoned for multi-tenant occupancy and is classified as both Executive and Traditional Office space.

• CAP approach

  CAP return

  Valuation

  6%

  $666,747

  6.5%

  $615,459

  7%

  $571,498

• Comparable approach

  Method

  Valuation

  Relative Method

  $883,010

  Geo Method

  $884,792

• Alternative Use

  Use

  Valuation

  Residential

  $519,163

  Hospitality

  $475,550

  Educational

  $395,652

  Medical

  $409,259

  Retail

  $615,459

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.8044

Longitude

-84.367

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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