620 Glen Iris Dr NE Atlanta, GA 30308
Leased commercial condo with 10% return in vibrant Atlanta neighborhood.
Building Details
- Year built
- 2005
Source:
Svn
Listing Agent: Matthew Levin
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 ...
Medical Clinic
Soft Loft
(Bike/Boat/Book/etc) Store
QDRO Benefits Firm
Law Firm
Cru Lounge - Midtown
Bar & Pub
Cultivate Real Estate ...
Real Estate Agency
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
Nearby Similar for Sale
FAQs
What type of property is this?
Bar & Pub - Leased commercial condo with 10% return in vibrant Atlanta neighborhood.
Where is this bar & pub 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.
