536 Decatur St. Atlanta, GA 30312
- Retail space
- 7,820 SF
- 0.57 lot acres
Current Use by Public Records
- Paces+Place / Event Management Company
- O4W Market / Grocery Store / Beer Store
- General Car Insurance / Auto Insurance Agency
Property Details for 536 Decatur St.
- Year built
- 1940
- Construction
- WOOD
- Lot size
- 0.57 lot acres
- Property size
- 7,820 SF
- Zone code
- I1
- Property type
- Retail space
- APN
- 14 004500031201
- APU
- 14004500031201
Description
This thriving 1,000 sq ft restaurant in Atlanta's Old Fourth Ward is available for $262,000. Located at 536 Decatur St. SE Suite A, 30312, this Class B property boasts a prime location near Krog Street Market and the Beltline, drawing significant foot traffic. The current lease has three years remaining, with two five-year renewal options available. Rent is $5,500/month, inclusive of electricity, gas, and water. The property includes 25 parking spaces, a significant advantage in this area. The fully equipped kitchen features a 10-foot commercial hood and a 1,500-gallon underground grease trap, along with ample refrigeration. All equipment is included, ensuring a seamless transition for the new owner. Currently operating at 100% occupancy, this is an exceptional opportunity for restaurant expansion, catering, food truck operators, or cloud/ghost kitchens. The space is situated within O4W Market, adjacent to Fetch Park O4W, attracting thousands of weekly visitors. This turnkey operation offers immediate revenue potential and a strong foundation for future growth in a vibrant and desirable Atlanta neighborhood. This is a gross lease.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,540,000
- ML approach
- $1,700,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,520,000
- 6.5%
- $1,400,000
- 7%
- $1,300,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,614,000
Market price range: $784k - $3.09M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,755,000 Current use
- COMMERCIAL (GENERAL)
- $2,200,000 Change: +25% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $2,130,000 Change: +21% Conversion: Moderate
- MEDICAL BUILDING
- $2,125,000 Change: +21% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,985,000 Change: +13% Conversion: Difficult
- OFFICE BUILDING
- $1,830,000 Change: +4% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.3701
- Latitude
- 33.7522
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
