Atlanta Commercial Property with Redevelopment
2667 Donald Lee Hollowell Parkway, Atlanta, GA 30318
- Added:
- May 14, 2025
- Days on Market:
- 401
- Last Refresh:
- Jun 18 at 12:06 am
Property Features for 2667 Donald Lee Hollowell Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MRC-2
- Parking
- 10
- Parking features
- Parking Lot
- Window features
- Display Window(s)
- Interior features
- Reception Area, Restrooms
- Standard status
- Active
- APN
- 14 020800150103
- Size
- 5,600 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11104
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1988
- Floors in Building
- 1
- Flooring type
- Concrete
- Building materials
- Block
Listing agent Keith Sharp License #176306 (404) 604-3800
Listing office Keller Williams Buckhead 3650 Habersham Rd NW, Atlanta, GA (404) 604-3800
Listing date May 14, 2025
MLS# 7579695
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Exceptional redevelopment potential with MRC‑2 zoning, allowing for significant residential (up to 38,000 SF) and non‑residential (up to 64,000 SF) development.
- Strategic location adjacent to the $64 million Bowen Homes Redevelopment Site.
- Immediate income from the 2,700 SF retail building with three occupied spaces and stable tenants.
- Proximity to Microsoft's future campus at Grove Park and the 'Hollowell Innovation District' mixed‑use lifestyle center.
- Includes a RENOVATED 2,900 SF automotive building with a 4‑bay garage.
- Located on Hollowell Parkway corridor poised for redevelopment.
Overview
This commercial property features two buildings, including a 2,700 square foot retail structure with three occupied spaces and a 2,900 square foot vacant automotive building with a 4-bay garage. Situated on a 0.596-acre parcel, the property is zoned MRC-2, allowing for mixed residential and commercial use. The zoning permits a maximum of 3.149 FAR, including up to 38,000 square feet for residential and 64,000 square feet for non-residential purposes, depending on use and parking requirements. The property is located across from the historic Collier Heights neighborhood and near redevelopment projects in Carey Park and Almond Park. It is directly adjacent to the $64 million Bowen Homes Redevelopment Site and major activity at the Jackson Parkway and Hamilton Holmes intersection. The Hollowell Parkway corridor is poised for redevelopment, with Microsoft's future campus at Grove Park incorporating the Bankhead MARTA station into the "Hollowell Innovation District" mixed-use lifestyle center. Georgia Tech is 4.9 miles away, Mercedes Benz Stadium is 5.3 miles away, West Midtown is 5 miles away, and Atlantic Station is 5.9 miles away. Lifestyle amenities include the Proctor Creek Trail (1.3 miles away), the future Atlanta RiverLands Park and Trail (2.9 miles away), and Shirley Clarke Franklin Park (2.6 miles away).
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.0k | $21.96 |
| − Vacancy | −$10.5k | −$1.87 |
| EGI | $112.5k | $20.09 |
| − OpEx | −$33.8k | −$6.03 |
| NOI | $78.8k | $14.07 |
5,600 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.13M
$984.6K – $1.31M
NOI $78,766 @ 7.0% cap · market cap 7.88%
Second Best
Industrial
$447.4K
$391.5K – $522.0K
NOI $31,317 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,579 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Nuradio Station
Radio Station
K &K Tax ...
Accounting Firm
Sleep Station
Furniture & Home Goods
Devine Auto
(Bike/Boat/Book/etc) Store
Similar Places Nearby
- Azeta tire oil brake Change Auto emission — 2877 Donald Lee Hollowell Pkwy NW, Atlanta, GA 30318
- United Customs — 2774 Donald Lee Hollowell Pkwy NW, Atlanta, GA 30318
- Hot Wash On Wheels — 2980 Donald Lee Hollowell Pkwy NW, Atlanta, GA 30318
- TopCoat Automotives — 2774 Donald Lee Hollowell Pkwy NW, Atlanta, GA 30318
- Coyote Towing and 1st Reponce & Recovery Inc. — 1041 Fairburn Rd NW, Atlanta, GA 30331
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.474777
- Latitude
- 33.77706
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Two-building commercial property with investment and redevelopment opportunities in Atlanta.
Where is this auto shop located?
The property is located at 2667 Donald Lee Hollowell Parkway Atlanta, GA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Exceptional redevelopment potential with MRC‑2 zoning, allowing for significant residential (up to 38,000 SF) and non‑residential (up to 64,000 SF) development.; Strategic location adjacent to the $64 million Bowen Homes Redevelopment Site.; Immediate income from the 2,700 SF retail building with three occupied spaces and stable tenants.
