201 W Ponce de Leon Ave | Decatur, GA 30030
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- LoopNet Team
201 W Ponce de Leon Ave
Decatur, GA 30030
Shops at the Artisan - Street Level Retail · Multifamily Property For Sale · 74 Units
INVESTMENT HIGHLIGHTS
- 100% leased street level retail under a high-end condominium building.
- Located in the heart of downtown Decatur. A very affluent city within Atlanta metro, and the county seat of DeKalb County.
- Over 373,000 people living within a 5 mile radius. The average household income above $177,000 within a one mile radius
- Excellent tenant mix with Kaiser Permanente and two restaurants. Kaiser operates 39 hospitals and more than 700 medical offices, such as this one.
- CMBS loan assumption available at $3mm providing for 7.25% cash on cash return on the first year.
- Decatur is considered one of the best places to live in metro Atlanta, with excellent public schools and close proximity to Emory University.
PROPERTY FACTS
| No. Units | 74 | Lot Size | 0.51 AC |
| Property Type | Multifamily | Building Size | 95,504 SF |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2006 |
| Building Class | A | Parking Ratio | 1.89/1,000 SF |
| No. Units | 74 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.51 AC |
| Building Size | 95,504 SF |
| No. Stories | 6 |
| Year Built | 2006 |
| Parking Ratio | 1.89/1,000 SF |
ZONING
| Zoning Code | C2 (Commercial) |
| C2 (Commercial) |
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