Property profile

1607 Connally Dr East Point, GA 30344

OFF-MARKET
Auto shops
Property ID
US22-1771960
2,430 SF 0.14 ac lot Built 1955
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-tenant warehouse, located at 1607 Connally Dr in East Point, Georgia, offers 2,430 square feet of versatile space. Ideal for distribution or retail operations, the property boasts a convenient I1 zoning classification within Fulton County. The building is entirely vacant, presenting a unique opportunity for immediate occupancy. With five drive-in bays, loading and unloading are efficient and streamlined. The property's address is 1607 Connally Dr, East Point, GA 30344. Its strategic location provides easy access to major transportation routes, enhancing logistical efficiency for businesses. The building's single-tenant status ensures operational simplicity and control. The 2,430 square feet of space offers ample room for storage, operations, and potential expansion. This property is zoned I1, making it suitable for a range of industrial and related uses. The five drive-in doors provide convenient access for loading and unloading goods. This is a rare opportunity to acquire a fully vacant, ready-to-occupy warehouse in a desirable location. Don't miss this chance to secure a prime industrial space in a thriving area.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1955
Total area 2,430 SF
Lot 0.14 ac (6,316 SF)
Zoning code I1
APN 14 015600050388
UPID US22-1771960

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1607 Connally Dr East Point, GA 30344-2561
East Point metro Census 11203 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$190k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$140k

Owner & transaction history

since 2020
Last sale
$152,000
1 recorded transaction
2020
$152,000

Zoning & alternative use

I1 · East Point, GA
Zoning description

The intent of I1 District, is to provide areas within the city for the manufacture, storage, sale and distribution of goods and the conduct of related commercial and industrial activities. The I1 District is comprised ex…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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