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    387 Lanier St Atlanta, GA 30318

    For Sale
    $249,000

    0.258-acre lot, build-to-suit potential

    Property size:
    675 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.258-acre commercial land parcel, located at 387 Lanier Street NW in Atlanta, Georgia, presents a unique build-to-suit opportunity. Priced at $249,000, this property offers significant potential for development. The lot, built in 2013, previously housed a 12-unit apartment complex, suggesting the feasibility of a similar-sized project. Its 675 square foot area provides ample space for a moderate-sized apartment complex, potentially accommodating 10 to 20 units. The property's prime location offers easy access to MARTA, various shopping options, and local schools, making it an attractive location for residential development. Situated minutes from downtown Atlanta, this land benefits from excellent proximity to the city center while maintaining a convenient residential atmosphere. The absence of existing buildings on the site allows for complete design flexibility, enabling the creation of income-producing units tailored to market demands. This is a rare chance to acquire a well-situated lot in a thriving Atlanta neighborhood, ideal for investors seeking a promising development project. The property is zoned for commercial use and is located in Fulton County, Georgia, zip code 30318. Coordinates are 33.7657361 latitude and -84.4393181 longitude.

    Property Features for 387 Lanier St

    General Information

    Property type
    Land
    Square Feet
    675 SF
    Lot Size
    11,238 SF

    Building Details

    Year Built
    2013

    HighLights

    • $249,000 asking price.
    • 0.258‑acre commercial land lot.
    • Located at 387 Lanier Street NW, Atlanta, GA 30318.
    • 675 square feet.
    • Built in 2013.
    • Suitable for a multi‑family development (10‑20 units).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton - GA
    State
    Georgia
    Longitude
    -84.4393181
    Latitude
    33.7657361

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    FAQs

    What type of property is this?
    Land - 0.258-acre lot, build-to-suit potential
    Where is this land located?
    The property is located at 387 Lanier St Atlanta, GA.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: $249,000 asking price.; 0.258-acre commercial land lot.; Located at 387 Lanier Street NW, Atlanta, GA 30318.
    Request Owner's contact information
    387 Lanier St Atlanta, GA 30318
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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
    387 Lanier St Atlanta, GA 30318
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