1151 Chattahoochee Ave Atlanta, GA 30318
- Industrial properties
- 19,966 SF
- 1.30 lot acres
Current Use by Public Records
- Affordable Spirits / Beer Store / Cigar Shop
- atlanta art of boxing center / Boxing Gym
- MSM Builders / General Contractor
- DG Home Improvement / Contractor
Property Details for 1151 Chattahoochee Ave
- Year built
- 1954
- Lot size
- 1.30 lot acres
- Property size
- 19,966 SF
- Zone code
- I2
- Property type
- Industrial properties
- APN
- 17 018700010172
- APU
- 17018700010172
Description
This exceptional 19,996 square foot retail property, located at 1151 Chattahoochee Ave NW in Atlanta, GA, presents a unique investment opportunity. Built in 1954 and extensively renovated in 2023, this single-story building sits on a 1.3-acre lot and boasts a prime location in Atlanta's Upper Westside. Currently operating as a large package store, the property includes 19,966 square feet of net rentable space, with two-thirds dedicated to the store and warehouse. The remaining 7,000 square feet offers significant value-add potential, ideal for a bar, lounge, tasting room, or other entertainment venue. The property features a large parking lot, ample outdoor space suitable for a patio, and state-of-the-art security including steel roll-down shutters and a gravity feed cooler system with rear access. The I2 Atlanta zoning permits a wide range of uses. This property benefits from its proximity to numerous high-end restaurants, including three of Atlanta's five Michelin-starred establishments, and popular entertainment venues such as Topgolf, Fetch Dog Park, and the Atlanta Pickleball Center. The asking price for both the business and real estate is $12,500,000, plus inventory. This is a rare chance to acquire a substantial property in a thriving Atlanta neighborhood with significant upside potential. The Fulton County APN is 17 018700010172. The zip code is 30318.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,065,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,875,000
- 6.5%
- $2,825,000
- 7%
- $2,825,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,395,000
- Geo Method
- $3,045,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,710,000
- Retail
- $2,570,000
- Mixed-Use
- $3,345,000
- Hospitality
- $2,515,000
- Educational
- $2,915,000
- Residential Income
- $3,325,000
- Energy
- $3,315,000
- Income-Based Land
- $3,375,000
- Food Service
- $2,980,000
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.4257
- Latitude
- 33.8014
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
