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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

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    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.
    (678) 467-9658
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    620 Glen Iris Dr NE Atlanta, GA 30308
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    Atlanta, GA 30308
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    620 Glen Iris Dr NE Atlanta, GA 30308
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