741 Piedmont Ave NE
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741 Piedmont Ave NE
7,500 SF Office Building Atlanta, GA 30308 £2,039,565 (£272/SF)
Investment Highlights
- Generating income of over $20K per month
- New roof (2021) and HVAC systems (2019)
- Interior and landscape renovations in 2021
- MTM leases can be terminated for user to take as much space as needed
- Re-striped parking lot (2024)
- Piedmont Ave Signage with 13.3K average daily traffic
Executive Summary
741 Piedmont is tailored made for an owner-user to occupy as much or as little space as needed and continue leasing the remaining space to in-place tenants at attractive rates with little maintenance required.
For one example, an owner-user needing approximately 2,500 square feet of space can occupy the entire main floor and continue to lease the fully occupied top floor and lower level. In this scenario, they could maintain complete privacy with their own entrance, while still providing access for the other tenants as a result of each floor having its own access point. Additionally, they would be able to maintain monthly revenue of over $15K per month, largely off-setting note payments and expenses.
Parking spaces are also leased on a month-to-month basis as an alternative source of revenue. The scenario above includes this revenue.
A copy of the rent roll may be provided upon receipt of a signed confidentiality agreement.
Main Floor
-6 offices
-Reception
-Conference room
-2 bathrooms
-Kitchenette
-Storage
Upper Floor
-7 offices
-1 bathroom
-Kitchenette
Lower Level
-9 offices
-2 bathrooms
-Waiting room
-Kitchenette
-Storage
For one example, an owner-user needing approximately 2,500 square feet of space can occupy the entire main floor and continue to lease the fully occupied top floor and lower level. In this scenario, they could maintain complete privacy with their own entrance, while still providing access for the other tenants as a result of each floor having its own access point. Additionally, they would be able to maintain monthly revenue of over $15K per month, largely off-setting note payments and expenses.
Parking spaces are also leased on a month-to-month basis as an alternative source of revenue. The scenario above includes this revenue.
A copy of the rent roll may be provided upon receipt of a signed confidentiality agreement.
Main Floor
-6 offices
-Reception
-Conference room
-2 bathrooms
-Kitchenette
-Storage
Upper Floor
-7 offices
-1 bathroom
-Kitchenette
Lower Level
-9 offices
-2 bathrooms
-Waiting room
-Kitchenette
-Storage
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Building Size
7,500 SF
Building Class
B
Year Built
1920
Price
£2,039,565
Price Per SF
£272
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
2,500 SF
Slab to Slab
11 ft
Building FAR
0.78
Land Acres
0.22 AC
Zoning
RG3 - Commercial
Parking
18 Spaces (2.4 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Route
- Controlled Access
- Conferencing Facility
- Reception
- Natural Light
- Recessed Lighting
- Wooden Floors
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste Lower Level | 2,250 SF | Office | Full Build-Out | 60 Days |
| 2nd Fl-Ste Main Level | 2,625 SF | Office | Full Build-Out | 60 Days |
| 3rd Fl-Ste Upper Level | 2,625 SF | Office | Full Build-Out | 60 Days |
1st Fl-Ste Lower Level
| Size |
| 2,250 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
2nd Fl-Ste Main Level
| Size |
| 2,625 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
3rd Fl-Ste Upper Level
| Size |
| 2,625 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
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MAP
1st Fl-Ste Lower Level
| Size | 2,250 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
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2nd Fl-Ste Main Level
| Size | 2,625 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
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3rd Fl-Ste Upper Level
| Size | 2,625 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 14-0049-0006-100-6 | Improvements Assessment | £221,236 (2023) |
| Land Assessment | £124,031 (2023) | Total Assessment | £345,266 (2023) |
PROPERTY TAXES
Parcel Number
14-0049-0006-100-6
Land Assessment
£124,031 (2023)
Improvements Assessment
£221,236 (2023)
Total Assessment
£345,266 (2023)
-
Matt Parisi -
Industry Real Estate Partners, LLC
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741 Piedmont Ave NE
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