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Property profile & analytics
OFF-MARKET Estimated value $535,000
Investment properties

1181 Lee SW St Atlanta, GA 30310-3805

3,996 SF 0.19 ac lot Built 1940
Individually Owned 3-yr Hold
Property ID
US22-0878484
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Construction WOOD
Total area 3,996 SF
Lot 0.19 ac (8,494 SF)
Zoning code C2
APN 14 011900051044
UPID US22-0878484
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • MorHaven Bridge LLC Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$745k
Comparable Approach Comparable
by Request
Blend (final) Blend
$535k
Owner & transaction history
Alesia Solomon Gales · 3 yrs held
Alesia Solomon Gales
since 2023
2 recorded transactions
2023
Price N/A
1969
Price N/A
Zoning & alternative use
C2 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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