Property profile

489 Edgewood Ave SE Atlanta, GA 30312

FOR SALE
Commercial real estate
Property ID
US22-1126406
3,750 SF 0.05 ac lot Built 1930
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3,375-square-foot, two-story building at 489 Edgewood Ave SE in Atlanta, Georgia, presents a unique investment opportunity. Situated on a 0.146-acre lot, this property boasts a prime location in one of Atlanta's most vibrant restaurant and nightlife districts. The building offers fully built-out office space, adaptable for retail, medical, or service users. The fully paved corner lot provides ample off-street parking and potential for additional development or a pocket green space. Its proximity to the Atlanta Beltline and downtown Atlanta, coupled with its adjacency to the Waldo Old Fourth Ward mixed-use development (featuring hotel, office, retail, and restaurant spaces), ensures high visibility and accessibility. The area is densely populated, with nearly 1,500 multi-family units nearby. The property is zoned HC-20C-SA4 (Historic & Cultural Zoning, MLK Jr. Landmark District, Subarea 4) and is located within a Qualified Opportunity Zone, offering potential tax advantages. This versatile property is ideal for investors seeking a high-growth area with diverse usage possibilities.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Construction WOOD
Total area 3,750 SF
Lot 0.05 ac (2,309 SF)
Zoning code I1
APN 14 004500030054
UPID US22-1126406

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
  • Bar & Pub
  • Association / Organization
  • Hotel & Motel Resort

Location

489 Edgewood Ave SE Atlanta, GA 30312
Atlanta metro Census 11902 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$2.00M

Owner & transaction history

since 2025
Last sale
$2.0M
7 recorded transactions
2025
Price N/A
2024
$2.0M
2022
Price N/A
2022
Price N/A
2021
Price N/A
2020
$1.4M
2015
Price N/A

Zoning & alternative use

I1 · 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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More about this property
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