16-Auditorium Warehouse and
274 Highway 138 SW Riverdale, GA 30274
274 Highway 138 SW, Riverdale, GA, 30274
$5,000,000
For Sale
$5,000,000
COMMERCIAL - Riverdale, GA
Property Size41,800 SF
Lot Size7.60 Acres
Price / SF$119.62
Days on Market22
Property Features for 274 Highway 138 SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking
- 528
- Parking features
- Parking Lot
- 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
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1986
- Flooring type
- Carpet
- Building materials
- Frame
- Roof type
- Metal
Listing agency
Homesmart Realty Partners
(404) 419-1004
Listed by
Anhad Chawla · License #443303
(678) 999-6311
Added: Jul 1 Checked: Jul 22 at 11:06PM
MLS# 10796987
Copyright © 2026 Georgia Multiple Listing Service. 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. It was originally constructed as a movie theater with 16 screens/auditoriums. Those existing interior auditoriums can be repurposed as movie studio space or adapted for warehouse and office use. Site plans and a tax plat are available in other documents.
The asset is located at 274 Highway 138 SW in Riverdale, Georgia (30274), within Clayton County. Public remarks note the property is approximately 9 miles from Atlanta Hartsfield-Jackson International Airport.
This building may fit buyers seeking a flexible, multi-environment layout where production-ready auditorium spaces can complement warehouse and office functions. Please note that there is no access or viewings permitted as the property has an occupant, and prospective parties should not disturb the occupant.
The asset is located at 274 Highway 138 SW in Riverdale, Georgia (30274), within Clayton County. Public remarks note the property is approximately 9 miles from Atlanta Hartsfield-Jackson International Airport.
This building may fit buyers seeking a flexible, multi-environment layout where production-ready auditorium spaces can complement warehouse and office functions. Please note that there is no access or viewings permitted as the property has an occupant, and prospective parties should not disturb the occupant.
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 as studios or warehouse/office space
- Metal roof with 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
Office B
$8.00M
$7.00M – $9.33M
NOI $559,747 @ 7.0% cap · market cap 11.19%
Second Best
Warehouse
$4.38M
$3.84M – $5.11M
NOI $306,847 @ 7.0% cap · market cap 6.14%
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
Office buildings
Similar For Sale Nearby
Similar Off Market Nearby
- SecurCare Self Storage — 53 GA-138, Riverdale, GA 30274
- Freeway Self Storage — 722 ga-138, riverdale, ga 30274
- Life Storage — 303 GA-138, Riverdale, GA 30274
FAQs
What type of property is this?
Warehouse - Large warehouse building with a former 16-screen cinema layout, suited for storage, studio, or office use.
Where is this warehouse 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 as studios or warehouse/office space; Metal roof with frame construction
