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620 Glen Iris Dr - Commercial Units For Sale 1,500 SF Retail Condo Unit Offered at $550,000 in Atlanta, GA 30308
INVESTMENT HIGHLIGHTS
- Across from Ponce City Market
- Ground floor commercial units off attractive landscaped courtyard
- Co-working space, conference room and fitness studio available for use
- Stroll to the Beltline and Old Fourth Ward Park
- Guest and dedicated secured parking
EXECUTIVE SUMMARY
The Ponce Springs Lofts have both commercial and residential units located across from Ponce City Market. A short stroll from the Old Fourth Ward Park and the Beltline, the location provides a business with access to a large base of customers in a vibrant neighborhood. Guest parking spaces are available in the deck. The commercial zoning allows most business uses. The building’s amenities include comfortable club room co-working space with catering kitchen, conference room, equipped fitness studio and outdoor courtyard seating.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Security System
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Loft Layout
SITE AMENITIES
- Business Center
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Gated
- On-Site Retail
- Pet Play Area
- Walking/Biking Trails
- Wi-Fi
- Roof Terrace
- Community-Wide WiFi
- Conference Rooms
- Lounge
1 UNIT AVAILABLE
Unit 101
| Unit Size | 1,500 SF | Sale Type | Investment |
| Price | $550,000 | Cap Rate | 12.12% |
| Price Per SF | $366.67 | NOI | $66,662 |
| Condo Use | Retail | APN/Parcel ID | 14-0048-0012-160-3 |
| Unit Size | 1,500 SF |
| Price | $550,000 |
| Price Per SF | $366.67 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 12.12% |
| NOI | $66,662 |
| APN/Parcel ID | 14-0048-0012-160-3 |
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.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 100 | - | - |
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620 Glen Iris Dr - Commercial Units For Sale
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