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    Property profile & analytics
    OFF-MARKET Estimated value $1,660,000
    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
    $1.66M
    Owner & transaction history
    Iren Golder · 3 yrs held
    Iren Golder
    since 2022
    7 recorded transactions
    2022
    2021
    $360,000
    2020
    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
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