898 Oak St - Storefront Retail/Residential FOR SALE


Atlanta, GA 30310
$1,675,000 USD
404-812-8927
898 Oak St, Atlanta, GA for Sale
$1,675,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | 7% Cap Rate

898 Oak St
Atlanta, GA 30310


HIGHLIGHTS

  • Located Adjacent to Mall West End, which is slated for redevelopment into a mixed-use hub
  • Densely populated with over 535,000 Daytime population in a 5 mile radius
  • Good visibility with 18,551 VPD on Joseph E. Lowery Boulevard
  • Average 1-mile household income of $64,679 and is expected to increase by 22.65% in the next 5 years

OVERVIEW

The Shops at Sky Lofts is the 6-unit retail property on the street level portion of some of the nicest apartments in the historic West End area of Atlanta. The Mall West End is directly next door, and a massive redevelopment was recently announce. This is huge for this area of metro Atlanta, and it will be a big benefit to the retail and apartments at Sky Lofts. The tenants at Shops at Sky Lofts include a new Good Fellas Pizza, Tattoo Shop, Healthy Hair First, Nails Etc., Barber Shop, and JB's Record Lounge. This area of Atlanta is expected to see significate development over the near future. Skyline Seven Real Estate has been leasing and managing the adjacent Mall West End for years, and knowledge about the area. The immediate area has also seen positive momentum with the Atlanta Beltline running between Donnelly Ave. and White Street. Microsoft recently acquired approximately 90 acres for an east coast campus. While Microsoft has delayed that project, is it still anticipated to happen at some point, as they still own all the land that was assembled. Another positive to the area is the closed proximity to the Atlanta University Center Consortium, which produces a highly educated workforce that is essential to Atlanta and the Southeast United States - Morehouse College, Morehouse School of Medicine, Spelman College and Clark Atlanta University.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops At SkyLofts - Street Level Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.