1916 Piedmont RdAtlanta, GA 30324

Property Details for 1916 Piedmont Rd

Year built

1963

Construction

WOOD

Lot size

0.31 AC

Property size (Sq ft)

2,800 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

17 005000040850

APU

17005000040850

Description

This exceptional 2,800-square-foot freestanding building is located at 1916 Piedmont Road NE in Atlanta, Georgia, 30324. Built in 1970 and extensively renovated in 2023, this Class C property sits on a 0.31-acre lot and offers 19 parking spaces. Currently occupied by a tenant with a lease extending to April 2027, this presents a unique investment opportunity. The property boasts high visibility directly on Piedmont Road, a highly sought-after retail corridor with significant daily traffic (approximately 23,000 vehicles per day within a one-mile radius). The MRC-2-C zoning allows for diverse uses and potential redevelopment to increase density. The building's versatile layout is easily adaptable to multiple uses, making it ideal for a variety of businesses. The strong demographics in the one-mile radius, with a median household income exceeding $95,000 and 35% growth since 2010, further enhance its investment appeal. The property's parcel numbers are 17-0050-0004-085-0 and 17-0050-0004-085. This is a rare opportunity to acquire a freestanding building in a prime Atlanta location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,070,011

  6.5%

  $987,703

  7%

  $917,153

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,422,345

  Geo Method

  $1,376,343

• Alternative Use

  Use

  Valuation

  Residential

  $833,164

  Hospitality

  $763,174

  Educational

  $634,952

  Medical

  $656,789

  Retail

  $987,703

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.8096

Longitude

-84.3662

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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