Salon Suite with Treatment
For Sale
$269,500
500 W Lanier Avenue #201, Fayetteville, GA 30214
Configured for salon services, the suite includes a waiting area, shampoo room, four private rooms, and a half bath.
Property Size1,101 SF
Price / SF$244.78
Days on Market115
Property Features for 500 W Lanier Avenue #201
General Information
Standard status
Active
Size
1,101 SF
Property subtype
Commercial
Zoning
O-I
Additional Details
Currently Operating
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,470
Building Details
Building Size
1,101 SF
Year Built
2001
Buildings
1
Abandoned
No
Listed By:
Debbie Conner Smith
(770) 464-0897
Source:
Connersmithrealty
Added: Jul 3
Changed: Oct 23
Last Checked: Oct 23 at 5:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Debbie Conner Smith
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,101-square-foot commercial suite is arranged as a hair salon, with a front waiting area, a shampoo room equipped with two sinks, and four private rooms for stylists or estheticians. Several of the rooms have their own sinks. The layout also includes a half bath and a separate sink area with a compact refrigerator. Built in 2001, the property is zoned O-I.
Located at 500 W Lanier Avenue in Fayetteville, the suite is near Fayette Piedmont Hospital, Trilith, and the US Soccer National Training Center. Most personal property may be purchased by negotiation. The existing salon configuration can remain, or the space may be converted to professional offices or a medical practice.
Located at 500 W Lanier Avenue in Fayetteville, the suite is near Fayette Piedmont Hospital, Trilith, and the US Soccer National Training Center. Most personal property may be purchased by negotiation. The existing salon configuration can remain, or the space may be converted to professional offices or a medical practice.
Key Highlights
- 1,101‑square‑foot suite built in 2001
- Salon layout with a waiting area and shampoo room featuring 2 sinks
- Four private rooms for stylists or estheticians; several have ensuite sinks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,486
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,720
$309.7K
Cap Rate 7%
$221,229
$221.2K
Cap Rate 9%
$172,067
$172.1K
Market Conditions
NOI Build-Up for 1,101 SF
Gross rent
$24.2K $21.96/SF
− Vacancy
−$2.1K −$1.87/SF
EGI
$22.1K $20.09/SF
− OpEx
−$6.6K −$6.03/SF
NOI
$15.5K $14.07/SF
Area
Fayette County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,720
Cap Rate 7%
$221,229
Cap Rate 9%
$172,067
Alternative Uses
Best Use
Retail
$221.2K
$193.6K – $258.1K
NOI $15,486 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$307.8K
$269.3K – $359.1K
NOI $21,544 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,233
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 68%
Shops & Services 32%
Flash Foods
Groceries
15,392 visits/mo
0.3 miles
Chevron
Shops & Services
7,126 visits/mo
0.4 miles
Demographics for 30214, GA
32,135
Population
12,680
Households
2.5
Avg Household Size
45
Median Age
37%
College-Educated
92%
High-School Grad
52.7 sq mi
ZIP Area
610
Density / Sq Mi
$87,138
Median Household Income
$48,400
Median Earnings
$1,599
Median Rent
$338,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Dr. Alisha Mayheu, D.C. — 148 Georgia Ave E suite a, Fayetteville, GA 30214
- LeGair Brand Boutique & Lifestyle Empowerment Wellness Center — 387 Fayette Pl Suite A, Fayetteville, GA 30214
- My Health Reassurance, P.C — 376 Glynn St N, Fayetteville, GA 30214
- Aesthetics of Fayetteville, P.C — 376 Glynn St N, Fayetteville, GA 30214
- Pain 2 Wellness Center — 105 Habersham Dr suite a, Fayetteville, GA 30214
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Configured for salon services, the suite includes a waiting area, shampoo room, four private rooms, and a half bath.
Where is this spa & wellness property located?
The property is located at 500 W Lanier Avenue #201 Fayetteville, GA.
What is the asking price?
The asking price for this property is $269,500.
What are key features of this property?
This property features: 1,101‑square‑foot suite built in 2001; Salon layout with a waiting area and shampoo room featuring 2 sinks; Four private rooms for stylists or estheticians; several have ensuite sinks
