1705 Washington RdAtlanta, GA 30344

  • Retail properties
  • 3,558 SF
For Lease
$16.25/SF/YR View listing

Property Details for 1705 Washington Rd

Year built
1940
Construction
WOOD
Lot size
0.10 AC
Property size (Sq ft)
3,558 SF
Zone code
CR
Property type
Retail properties
Property subtype
Retail space
APN
14 015700120412
APU
14015700120412

Description

This exceptional 1,850-square-foot retail or office space is situated in a rapidly growing East Point community, offering a prime location just two blocks from Main Street and the MARTA station. The property is part of a larger building totaling 3,700 square feet, with a single-tenant occupancy. The space features a flexible shell layout, ready for immediate customization to suit a variety of businesses. The building underwent renovations in 2023, ensuring modern amenities. Ample parking is available with 40+ spaces located behind the building, providing convenient access for both employees and customers. The property is zoned CR in Fulton County, within the Tri-Cities submarket and East Point cluster. While most office and retail uses are permitted, zoning restrictions prohibit pawn shops, churches, and daycare centers. This location presents a unique opportunity for businesses seeking to benefit from the advantages of an Opportunity Zone, potentially qualifying tenants for employment tax credits. The single-story building offers easy accessibility and a functional layout. This is an exceptional opportunity to establish a business in a thriving area with excellent transportation links and ample parking.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $665,258
    6.5%
    $614,084
    7%
    $570,221
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,748,939
    Geo Method
    $1,748,939
  • Alternative Use

    Use
    Valuation
    Residential
    $518,003
    Hospitality
    $474,488
    Educational
    $394,768
    Medical
    $408,345
    Retail
    $614,084
1705 Washington Rd, Atlanta, Georgia

Location Insight

City
East Point
County
Fulton
State
Georgia
Latitude
33.6758
Longitude
-84.4444
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,984
$22,920
$82,800
$105,720
-
$57,300
$207,000
$264,300

FAQs

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