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Property profile & analytics
OFF-MARKET
Investment properties

1903 Washington Rd East Point, GA 30344-4119

1,858 SF 0.48 ac lot Built 1910
Entity Owned 12-yr Hold Free & Clear
Property ID
US22-0216160
Property summary
AI-generated overview

This vacant, 4,000 square foot commercial building in East Point, Georgia, presents a compelling value-add investment opportunity. Located on a half-acre lot at 1903 Washington Rd, this Class C property is priced at $399,000 ($99.75/SF). The C-1 zoning allows for diverse uses, including daycare, medical office, and storefront retail. Its prominent location on Washington Road ensures high visibility and significant foot traffic. The building is ideal for owner-users seeking a versatile space or investors looking to capitalize on the area's growth potential. The property's features include a pylon sign, enhancing visibility and branding opportunities. This is a rare chance to acquire a well-positioned commercial property in a rapidly developing area of Fulton County, with a 30344 zip code. The building's versatility and prime location make it an attractive prospect for a variety of businesses and investors. This is a vacant property ready for immediate occupancy or lease.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1910
Construction WOOD
Total area 1,858 SF
Lot 0.48 ac (20,691 SF)
Zoning code C1
APN 14 016400050164
UPID US22-0216160
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Affordable Housing USA LLC · 12 yrs held
Affordable Housing USA LLC
since 2014
4 recorded transactions
2014
$65,000
2012
$67,500
2007
Price N/A
2006
Price N/A
Zoning & alternative use
C1 · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The C1 District is intended to provide those convenient shopping goods and services required by the neighboring residences. Land areas zoned C1 are further intended to provide a transition between medium and moderate density dwelling areas and higher density residential areas or nonresidential areas.

Zone name Neighborhood Commercial
General category COMMERCIAL
Zone area 96.84 ac
Source Realmo
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