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620 Glen Iris Dr NE Atlanta, GA 30308

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For Sale
$550,000

Leased commercial condo with 10% return in vibrant Atlanta neighborhood.

Property size:
1,500 SF

Property Features for 620 Glen Iris Dr NE

General Information

Size
1,500 SF

Building Details

Year built
2005

Source: Matthew Levin, CCIM Agent Matthew Levin, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Leased Investment Near Ponce City

This commercial condominium loft, built out as a two-level hookah lounge with a kitchen and full bar, is offered as a leased investment. The 1,500 square foot unit has a five-year lease executed in 2025 with a new business owner, and renovations were completed for an interior refresh. The base rent is $78,000 per year, with 3% annual increases. The property is projected to generate $67,000 net operating income. The unit comes with two secured parking deck spaces. The unit owner has access to condominium amenities, including a club room/workspace with catering kitchen, a conference room, an outdoor fountained courtyard, and an equipped fitness studio. The property is located in the Ponce Springs Lofts, across from Ponce City Market, near the Beltline and Old Fourth Ward Park, providing access to a large customer base in a vibrant neighborhood. The ground floor condo unit is zoned PDMU.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

SCAR Alchemy-Global Medical ... Permanent Make-Up Clinic Soft Loft Photography Studio QDRO Benefits Firm Legal Services Cru Lounge - Midtown Lounge Cultivate Real Estate ... Real Estate Consultant

Suggested Use

Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Highland Cigar Co., The Albert, Little Spirit, A Mano, Barcelona Wine Bar

Location Insight

  • Map
  • Local Demand
City
Atlanta
County
Cobb
State
Georgia
Longitude
-84.3678745
Latitude
33.7714125

FAQs

What type of property is this?
Bar - Leased commercial condo with 10% return in vibrant Atlanta neighborhood.
Where is this bar located?
The property is located at 620 Glen Iris Dr NE Atlanta, GA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: - Projected $67,000 net income with 3% annual rent increases, offering a 10% return in year one.; - Prime location across from Ponce City Market, near the Beltline and Old Fourth Ward.; - Leased investment with a 5-year lease term in place.
More about this property
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