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Property profile & analytics
OFF-MARKET Estimated value $320,000
Office buildings

2981 Church St East Point, GA 30344-4156

12,857 SF 0.62 ac lot Built 1972
Individually Owned 3-yr Hold Free & Clear
Property ID
US22-0216148
Property summary
AI-generated overview

This exceptional mixed-use commercial property, located at 2981 Church St in historic East Point, Georgia, presents a compelling investment opportunity. The 12,857 square foot building, constructed in 1971, features two stories and sits on a generous 26,907 square foot lot. Previously utilized as a medical office and daycare center, this multi-suite building offers significant potential for various uses. The property is being sold "As Is," but boasts a brand new roof, minimizing immediate capital expenditure needs. While some repairs and renovations may enhance its value, the building's solid foundation and prime location provide a strong base for future success. Its convenient location in East Point offers easy access to major roadways and is a short commute from Hartsfield-Jackson Atlanta International Airport. The property is being offered at $499,999, and seller financing is available, even with less-than-perfect credit. This presents a rare chance to acquire a substantial commercial property in a thriving area with flexible financing options. The property's zoning and permitted uses should be independently verified. This is a unique opportunity for investors seeking a high-return property in a rapidly developing area.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1972
Construction WOOD
Total area 12,857 SF
Lot 0.62 ac (26,877 SF)
Zoning code CR
APN 14 015700140188
UPID US22-0216148
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k
Owner & transaction history
Iren Golder · 3 yrs held
Iren Golder
since 2022
7 recorded transactions
2022
Price N/A
2021
$360,000
2020
Price N/A
2020
$203,300
2019
$203,300
2018
$334,500
2013
$115,500
Zoning & alternative use
CR · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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.

Zone name Commercial Redevelopment
General category MIXED_USE
Zone area 158.41 ac
Source Realmo
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