489 Bishop St NW Atlanta, GA 30318
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I1 · Atlanta, GAAtlanta. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.