1862 Princeton AveCollege Park, GA 30337

Property Details for 1862 Princeton Ave

Year built

1949

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

3,374 SF

Zone code

C2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

14 016100060265

APU

14016100060265

Description

This exceptional 3,729 square foot commercial property in College Park, Georgia, presents a unique investment opportunity. Located at 1862 Princeton Ave, 30337, in Fulton County, this versatile space is zoned TOD (Transit Oriented Development), offering significant redevelopment potential. Currently configured as a mix of convenience store, creative office, and executive office spaces, the property boasts flexible lease terms, allowing for immediate occupancy or redevelopment. The 0.17-acre lot adjoins another property on Main Street, providing potential for expansion or synergistic development. Its prime downtown College Park location offers excellent visibility and accessibility, with ample street parking and nearby parking lots. The property's adaptability makes it ideal for a variety of uses, from entrepreneurial centers to modern office spaces or retail ventures. This is a rare chance to acquire a strategically located commercial property with high growth potential in a thriving community. The asking price is $1,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $429,153

  6.5%

  $396,141

  7%

  $367,845

• Comparable approach

  Method

  Valuation

  Relative Method

  $658,132

  Geo Method

  $658,132

• Alternative Use

  Use

  Valuation

  Residential

  $491,215

  Hospitality

  $449,950

  Educational

  $374,353

  Medical

  $387,228

  Retail

  $582,327

Location Insight

City

College Park

County

Fulton

State

Georgia

Latitude

33.6544

Longitude

-84.4499

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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