Property profile

314 Auburn Ave NE Atlanta, GA 30303

FOR SALE
Commercial real estate
Property ID
US22-4170844
4,358 SF 0.04 ac lot Built 1930
Individually Owned 22-yr Hold Absentee Owner
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Property summary

AI-generated overview

This vacant, two-story, 4,358 sq ft commercial building in Atlanta's Sweet Auburn district is available for $1,295,000. Located at 314 Auburn Ave NE, this property sits on a 1,655 sq ft lot and features two units, previously used as a restaurant, convenience store, and pharmacy. Built in 1930, it's zoned C3 and offers adaptable space ideal for various commercial uses, including restaurant, retail, or office space. The building includes an outdoor patio and an unfinished basement with expansion potential. The property is offered as-is, with a NNN lease type, and benefits from the area's revitalization efforts, including new mixed-use developments and public green spaces. High foot traffic and visibility in a historically significant location make this a prime investment opportunity in the heart of downtown Atlanta. The property's unique blend of historical charm and modern potential offers a strong return on investment in a thriving community. This is a chance to own a piece of Atlanta's history and be part of its continued growth and development.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Construction WOOD
Total area 4,358 SF
Lot 0.04 ac (1,612 SF)
Zoning code C3
APN 14 004600102290
UPID US22-4170844

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising IT Consulting Firm
  • Restaurant

Location

314 Auburn Ave NE Atlanta, GA 30303
Atlanta metro Census 2802 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2004
2 recorded transactions
2004
Price N/A
2004
$220,000

Zoning & alternative use

C3 · Atlanta, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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