1683 Washington Rd East Point, GA 30344-4265
This 1,377-square-foot, single-story building, constructed in 1963 and renovated in 2022, presents a compelling owner-user opportunity in East Point, Georgia. Located at 1683 Washington Rd, this Class B property sits on a 6,150-square-foot lot and boasts 12 parking spaces. Currently vacant, the building offers significant potential for redevelopment, given its CR zoning designation. The Commercial Redevelopment (CR) zoning encourages innovative mixed-use developments, making this property suitable for a variety of uses, including medical offices, restaurants, and retail spaces. The property's location within a high-traffic area, with convenient access to public transportation, restaurants, and retail shops, enhances its appeal. The building's interior features reception areas, exam rooms, and private offices, making it particularly well-suited for medical practices. With a 5-mile population of 172,064 and a 1-mile average household income of $66,804, this location offers a strong demographic profile. The asking price is $340,000, translating to $246.91 per square foot. This property represents an excellent investment opportunity for owner-occupants seeking a high-visibility location with ample parking and redevelopment potential. The property's history includes over 20 years of established owner-occupied use as a medical office. The Fulton County APN is 14-0157-0012-037-0.
The CR District is intended to facilitate and encourage innovative, functional, aesthetically pleasing and creative design and development of the most compatible and desirable mixed-use pattern of retail, commercial service, institutional and residential land uses which are primarily pedestrian and public transit oriented.
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
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Property description
Physical attributes from public recordsZoning & alternative use
CR · East Point, GAThe CR District is intended to facilitate and encourage innovative, functional, aesthetically pleasing and creative design and development of the most compatible and desirable mixed-use pattern of retail, commercial service, institutional and residential land uses which are primarily pedestrian and public transit oriented.
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.