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Property profile & analytics
FOR SALE
Commercial land

489 Bishop St NW Atlanta, GA 30318

0.46 ac lot Built 1950
Individually Owned 19-yr Hold ~ Est. High Equity
Property ID
US22-1109300
Property summary
AI-generated overview

This exceptional 0.89-acre commercial property located at 489 Bishop St NW, Atlanta, GA 30318, presents a unique investment opportunity in Fulton County. Boasting 70 feet of frontage on Bishop Street, this versatile site is zoned I-1, offering a wide range of development possibilities. The property's location within the Beltline Overlay District adds significant value and potential for increased returns. The permitted zoning allows for diverse uses, including retail, office, restaurant, event space, and self-storage facilities. This prime location in Atlanta offers excellent visibility and accessibility, making it an ideal site for a variety of commercial ventures. The substantial lot size provides ample space for a large-scale development or a smaller, more focused project. The property's existing infrastructure and its proximity to key transportation routes and amenities further enhance its appeal to developers and investors seeking a high-growth area. This is a rare opportunity to acquire a strategically located property with significant development potential in a thriving Atlanta neighborhood. The property's versatility and prime location make it an attractive investment for those seeking a high-return opportunity in a dynamic market. Detailed zoning information and development guidelines are readily available.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1950
Lot 0.46 ac (19,994 SF)
Zoning code I1
APN 17 014800040185
UPID US22-1109300
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
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Blend (final) Blend
by Request
Owner & transaction history
Day,lon L JR · 19 yrs held
Day,lon L JR
since 2007
3 recorded transactions
2007
Price N/A
2007
Price N/A
1969
Price N/A
Zoning & alternative use
I1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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