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    FOR SALE
    Investment properties

    1852 Washington Rd, East Point, GA 30344

    1,968 SF 0.32 ac lot Built 1900
    Trust Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US22-1105617
    Property summary
    AI-generated overview

    This exceptional 0.53-acre property at 1852 Washington Road in East Point, Georgia, presents a unique investment opportunity. The main structure, a charming 1900-built church, offers approximately 75 seating capacity, three bathrooms, a recording room, and a pastor's office. The lower level boasts a spacious fellowship area, ideal for various uses. The building is zoned C1, allowing for a wide range of commercial ventures, including but not limited to art galleries, beauty salons, car washes, childcare centers, convenience stores, funeral homes, daycare facilities, and retail establishments. An adjacent vacant lot adds significant development potential to this already versatile property. The roof was replaced in June 2006. This prime location benefits from high traffic volume, proximity to the East Point MARTA station, Hartsfield-Jackson Atlanta International Airport, and downtown Atlanta, ensuring excellent visibility and accessibility. The property sits at the corner of Washington Road and Jones Street, further enhancing its strategic positioning. This is a rare chance to acquire a historic building with substantial commercial potential in a thriving area. The asking price is $495,000.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1900
    Construction WOOD
    Total area 1,968 SF
    Lot 0.32 ac (14,113 SF)
    Zoning code C1
    APN 14 016400080062
    UPID US22-1105617
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Brown,verlene F & Tr L Trust · 7 yrs held
    Brown,verlene F & Tr L Trust
    since 2019
    4 recorded transactions
    2019
    2010
    2007
    2004
    Zoning & alternative use
    C1 · East Point, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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