2635-2637 Martin Luther King Jr Dr SW - Retail FOR SALE


Atlanta, GA 30311- Harland Terrace
$645,000 USD
770-262-8091
2635-2637 Martin Luther King Jr Dr SW, Atlanta, GA for Sale
$645,000 USD
Retail - FOR SALE
1/15
null | 6.36% Cap Rate

2635-2637 Martin Luther King Jr Dr SW
Atlanta, GA 30311
Harland Terrace


HIGHLIGHTS

  • Value-Add Opportunity: Significant upside potential through renovation and lease stabilization.
  • Strategic Location: High-traffic corridor on MLK Jr Drive SW with excellent visibility.
  • Established Tenancy: Long-term tenants provide immediate income, offering flexibility for new ownership.
  • Strong Market Fundamentals: Located in a growing Atlanta retail market with healthy demand and rent growth.
  • Attractive Entry Price: Offered at a competitive price per square foot, allowing for substantial equity growth post-repositioning.

OVERVIEW

Presenting a compelling value-add investment opportunity at 2635-2637 MLK Jr Drive SW, Atlanta, GA 30311. The property, a 4,130 square foot retail building on a 0.28-acre lot, is strategically located in a high-traffic corridor with significant redevelopment potential. While the building is currently in poor condition, it offers substantial upside through renovation and lease stabilization. With a current Net Operating Income (NOI) of approximately $41,040 and a listing price of $645,000, this asset provides an attractive entry point for investors seeking to capitalize on Atlanta's dynamic retail market.

FOR SALE DETAILS

PRICE

$645,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

C2

APN/PARCEL ID

14-0205-0001-021-9,14-0205-0001-022-7

ASK ABOUT THIS PROPERTY

Matthew WilliamseXp CommercialMore Info
770-262-8091

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Matthew WilliamseXp CommercialMore Info
770-262-8091

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