300 Glynn N St Fayetteville, GA 30214-1171
- Investment properties
- 2,030 SF
- 0.35 lot acres
Jan 03, 2020
Current Use by Public Records
- Southern Lifestyles Leasing & Management / Property Management Company
- Serenity Gynecology / Medical Office
- Kiddie Kottage / Preschool / Elementary School
- Legacy Academy / School
Property Details for 300 Glynn N St
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 0.35 lot acres
- Property size
- 2,030 SF
- Zone code
- C C3
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 52306025
- APU
- 52306025
Description
This exceptional value-add opportunity presents a six-building portfolio totaling 15,252 square feet on 1.74 acres in Fayetteville, Georgia. Located at 300, 310, and 312-314 Glynn Street North, this property boasts a diverse mix of industrial-flex, office, and retail spaces, currently 100% occupied by a variety of tenants, including a daycare and State Farm. The buildings, constructed in 1920, 1968, 1978, and 1981, offer significant upside potential through rent increases to market rates and lease conversions to NNN. Short-term and month-to-month leases provide immediate opportunities for enhanced profitability. The property benefits from high visibility on Glynn Street (33,000+ vehicles per day) and a prime location adjacent to Fayette County High School (1,365+ students), within a dense retail corridor featuring national brands like Arby's, Dunkin', and McDonald's. The portfolio's location in the Atlanta MSA, less than 22 miles from Atlanta, offers access to a robust and growing market with a population of approximately 6.1 million. This presents a compelling investment opportunity with substantial value-add potential in a thriving area. The asking price is $2,960,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $240,000
- ML approach
- $270,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $410,000
- 6.5%
- $380,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $347,000
- AI Estimate
- $362,000
Market price range: $239k - $432kMarket price range: $219k - $432k
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Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Fayette
- State
- Georgia
- Longitude
- -84.4555
- Latitude
- 33.4533
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA