|
Grnd Floor - Unit 101
|
Retail
|
1,500 SF
|
$550,000 USD
|
|
-
Unit Size: 1,500 SF
-
Condo Use: Retail
-
Price: $550,000 USD
-
Sale Type: Investment
-
Price/SF: $366.67 USD
Description
This 5 year leased investment provides a 12% return in year one on $66,662 projected net income. The base rent of $78,000 per year increases 3% annually. The 1,500 SF+- commercial condominium loft was built out as a two level hookah lounge with kitchen and full bar. In 2025, a five year lease was executed with a new business owner and renovations were completed for an interior refresh.
The property is located in the Ponce Springs Loft across from Ponce City Market, one of Atlanta's most popular neighborhoods. A short stroll from the Old Fourth Ward Park and the Beltline, the location provides access to a large base of customers in a vibrant neighborhood.
The unit is conveyed with two secured parking deck spaces. As a bonus, the unit owner has access to the condominium’s amenities including a comfortable club room-work space with catering kitchen, conference room, outdoor fountained courtyard and equipped fitness studio.
Sale Notes
This 5 year leased investment provides a 12% return in year one on $66,662 projected net income. The base rent of $78,000 per year increases 3% annually. The 1,500 SF+- commercial condominium loft was built out as a two level hookah lounge with kitchen and full bar. In 2025, a five year lease was executed with a new business owner and renovations were completed for an interior refresh.
The property is located in the Ponce Springs Loft across from Ponce City Market, one of Atlanta's most popular neighborhoods. A short stroll from the Old Fourth Ward Park and the Beltline, the location provides access to a large base of customers in a vibrant neighborhood.
The unit is conveyed with two secured parking deck spaces. As a bonus, the unit owner has access to the condominium’s amenities including a comfortable club room-work space with catering kitchen, conference room, outdoor fountained courtyard and equipped fitness studio.
|
Matthew Levin
SVN Interstate Brokers
