1181 Lee SW St Atlanta, GA 30310-3805
This exceptional mixed-use property, located at 1181 Lee Street SW in Atlanta, Georgia, presents a unique investment opportunity. Built in 1940, this 6000+ square foot building sits on a 0.195-acre lot and offers a versatile layout currently configured with several fully finished salon suites on the ground floor and ample office space. The property includes three full bathrooms and two half bathrooms for convenience. Upstairs, a charming apartment features a modern kitchen, bathroom, and living room. Three central HVAC units ensure climate control throughout. Ample parking is available on-site. The property's zoning allows for a wide range of uses, including but not limited to: salon/barber shop, office space, apartment building, micro-hotel, rooming house, Airbnb, restaurant, bar, nightclub, event space, convenience store, TV studio, and music studio. Its prime location in Atlanta's historic West End neighborhood offers easy access to I-20, I-85, and I-75, placing it within convenient reach of downtown Atlanta. The area boasts a vibrant community with nearby landmarks such as the Wren's Nest, Hammonds House Museum, and the Shrine of the Black Madonna, as well as proximity to Spelman College, Clark Atlanta University, and Morehouse College. The BeltLine's proximity provides access to Atlanta's thriving food, culture, and nightlife scene. This fee-simple ownership opportunity presents a rare chance to acquire a piece of Atlanta history with no HOA fees. The asking price is $1,750,000.
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MorHaven Bridge LLC Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Atlanta, GAAtlanta. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.