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• <br /> Mr. Gerlach <br /> Page 5 <br /> June 6, 1978 <br /> Considering the above sales and others , and the subject 's <br /> locational influences such as corner location, excellent visi- <br /> bility from the Beltline Highway and the extremely difficult <br /> access for traffic flowing in a westerly direction, the estimated <br /> Fair Market Value of the land as if vacant and available for use <br /> is estimated at $69, 500 (43,471 sq . ft . @ $1 . 60/SF = $69 , 554) say <br /> $69 , 500 . <br /> Dimensions of the Property <br /> Through a discrepancy in the interpretation of the legal <br /> description, the land size in the original purchase appraisal <br /> report prepared for financing purposes indicated the land size of <br /> the Capitol Motel at approximately 34 , 000 square feet plus . <br /> The Capitol Motel site is , however, almost rectangular in <br /> shape , 150 feet by 290 feet, containing a total land area estimated <br /> at 43 ,471± square feet. <br /> Therefore , after the taking of a strip 20 feet by 290 feet, <br /> or 5, 800 square feet, the size of the remaining land is estimated <br /> at 37 ,671- square feet . <br /> ** The contiguous property to the east , approximately 75 by 135 <br /> feet, now improved with the Viking Cue Manufacturing Company build- <br /> ing is shown on some survey maps as being a part of the Capitol <br /> Motel property. This is in error and the subject property will <br /> be generally rectangular in shape after the acquisition and have <br /> 290 feet along Perry Street and extend to an average depth of 130 feet . <br /> ** Documents 1531844 and 1530967 <br />