898 Oak SW St Atlanta, GA 30310-1959

Property Details for 898 Oak SW St

Year built

2006

Lot size

0.04 lot acres

Property size

1,930 SF

Zone code

C1

Property type

Commercial real estate

APN

14 0108 LL1415

APU

140108LL1415

Description

This exceptional 8,624 square foot retail property, located at 898 Oak St SW in Atlanta, GA 30310, presents a compelling investment opportunity. Built in 2007, this single-story, 1-building complex boasts six (6) 100% occupied storefronts, operating under a NNN lease structure. The property features a strong NOI of $117,243, resulting in a 7.00% cap rate and an asking price of $1,675,000 ($194.23/sq ft). Current tenants include a diverse mix of businesses, including a pizza restaurant, tattoo parlor, hair salon, nail salon, barbershop, and a record lounge. The property benefits from its prime location adjacent to Mall West End, a site slated for significant mixed-use redevelopment, promising substantial future growth. The area enjoys high visibility, with 18,551 vehicles passing daily on Joseph E. Lowery Boulevard, and a dense population base, exceeding 535,000 within a 5-mile radius. Average household income within a 1-mile radius is $64,679, projected to increase by 22.65% over the next five years. The property is zoned C3 and is situated near the Atlanta BeltLine, the Atlanta University Center Consortium, and a planned Microsoft campus, further enhancing its long-term potential. This investment offers a rare combination of immediate income and significant future appreciation potential in a rapidly developing area of Atlanta.