Warehouse and Office Flex
274 Highway 138 SW Riverdale, GA 30274
274 Highway 138 SW, Riverdale, GA, 30274
$5,000,000
For Sale
$5,000,000
SINGLE_FAMILY - Riverdale, GA
Property Size41,800 SF
Lot Size7.60 Acres
Price / SF$119.62
Days on Market23
Property Features for 274 Highway 138 SW
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- NC
- Parking
- 528
- Parking features
- Parking Lot
- Window features
- Insulated Windows
- Interior features
- High Ceilings 10 or Greater, Reception Area, Restrooms
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 13213A A006
- Size
- 41,800 SF
- Lot size
- 7.60 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 68613
Utilities
- Utilities
- Cable Available
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
Building Details
- Year built
- 1986
- Floors in Building
- 1
- Flooring type
- Carpet
- Building materials
- Frame
- Roof type
- Metal
- Additional Structures
- Other
Listing agency
Homesmart Realty Partners
(404) 419-1004
Listed by
Anhad Chawla · License #443303
(404) 419-1004
Added: Jul 1 Updated: Jul 7 at 9:21AM Checked: Jul 23 at 5:06AM
MLS# 7797702
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.
Investment Insights
Based on property information with market context.
The property is a 41,800-square-foot warehouse building on 7.6 acres, zoned NC. According to public remarks, the structure was originally constructed as a movie theater with 16 screens/auditoriums, which can be repurposed for movie studio use or for warehouse and office functions. Site plans and a tax plat are available in other documents. The building’s existing theater configuration is a key feature for tenants or users seeking flexible back-of-house and office conversion opportunities within a single facility.
The site is located in Riverdale, Georgia, and is described as approximately 9 miles from Atlanta Hartsfield-Jackson International Airport. The property is identified at 274 Highway 138 SW, Riverdale, GA 30274, within Clayton County. No additional access or frontage details were provided, and the listing states there is no access or viewings at this time.
For buyers or operators, the combination of substantial warehouse area and a built-in multi-auditorium layout may support a range of creative, studio, storage, and office-mixed uses, depending on how the interior spaces are reconfigured. Prospective buyers should review the provided site plans and tax plat in the related documents and plan accordingly given the stated “do not disturb” and no-viewing instructions.
The site is located in Riverdale, Georgia, and is described as approximately 9 miles from Atlanta Hartsfield-Jackson International Airport. The property is identified at 274 Highway 138 SW, Riverdale, GA 30274, within Clayton County. No additional access or frontage details were provided, and the listing states there is no access or viewings at this time.
For buyers or operators, the combination of substantial warehouse area and a built-in multi-auditorium layout may support a range of creative, studio, storage, and office-mixed uses, depending on how the interior spaces are reconfigured. Prospective buyers should review the provided site plans and tax plat in the related documents and plan accordingly given the stated “do not disturb” and no-viewing instructions.
Key Highlights
- 41,800 SF warehouse building on 7.6 acres
- Originally built as a movie theater with 16 screens/auditoriums that can be used for movie studios or warehouse/office space
- Metal roof; frame construction
Local Financial Insights For Warehouse
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 | $396.3k | $9.48 |
| − Vacancy | −$35.3k | −$0.84 |
| EGI | $361.0k | $8.64 |
| − OpEx | −$54.1k | −$1.30 |
| NOI | $306.8k | $7.34 |
41,800 SF · lease $9.48/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.38M
$3.84M – $5.11M
NOI $306,847 @ 7.0% cap · market cap 6.14%
Second Best
Industrial
$3.64M
$3.18M – $4.24M
NOI $254,639 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$11.68M
$10.22M – $13.63M
NOI $817,929 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Doz'ia Catering — 517 GA-138 Suite 6, Riverdale, GA 30274
- Eventful Memories, LLC — 517 GA-138, Riverdale, GA 30274
- Tasteful Innovations — 517 GA-138 Suite 6, Riverdale, GA 30274
- Smack ya mama catering — 1411 Wynthrope Cove, Riverdale, GA 30274
- Mack and Taste Co — 7857 Taylor Downs Way, Riverdale, GA 30274
FAQs
What type of property is this?
Flex space - Large warehouse building with office-ready theater buildout, situated on 7.6 acres for adaptable industrial use.
Where is this flex space located?
The property is located at 274 Highway 138 SW Riverdale, GA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 41,800 SF warehouse building on 7.6 acres; Originally built as a movie theater with 16 screens/auditoriums that can be used for movie studios or warehouse/office space; Metal roof; frame construction
