Griffin Commercial Building For
2954 N Expressway, Griffin, GA 30223
COMMERCIAL - Griffin, GA
Type:Office
Property size:
4,800 SFLot size:
0.72 AcresPrice / SF:
$166/SF- Added:
- Jan 15, 2024
- Days on Market:
- 869
- Last Refresh:
- Jun 2 at 4:06 am
Property Features for 2954 N Expressway
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Security features
- Security
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 242B01005T
- Size
- 4,800 SF
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 5220
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1993
- Flooring type
- Laminate, Tile, Carpet
- Building materials
- Stucco, Vinyl Siding, Wood Siding
Listing agent Mary Ann Wells (678) 544-7353
Listing office Benham Realty Group 1022 Waverly Drive, GRIFFIN, GA (678) 688-4246
Listing date Jan 15, 2024
MLS# 10740940
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.
HighLights
- Prime commercial location with high traffic count (over 30,000 cars per day) on 19/41 and Old Atlanta Rd.
- Recently renovated 4800 sq ft building.
- Multiple offices, conference room, large reception room, kitchen area, break room, full and hall bathrooms, and storage room.
- Well‑maintained building.
- Paved parking lot.
- Lease option available.
Overview
Located in North Griffin, this commercial building offers a prime location for business ventures due to its high traffic count of over 30,000 cars per day. The well-maintained building, recently renovated, provides 4,800 square feet of space. The layout includes multiple offices, a kitchen area, a full bath in the main office, a break room, a conference room, a large reception room, a hall bath, and a storage room. Paved parking is available in front of the building. The property is situated next to Southern Pit Barbeque. The building is suitable for a new business venture or relocation.
Local Financial Insights For Office B
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 | $114.6k | $23.87 |
| − Vacancy | −$28.9k | −$6.02 |
| EGI | $85.7k | $17.85 |
| − OpEx | −$21.4k | −$4.46 |
| NOI | $64.3k | $13.39 |
4,800 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$918.2K
$803.5K – $1.07M
NOI $64,277 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,349 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Griffin
- County
- Spalding
- State
- Georgia
- Longitude
- -84.290107
- Latitude
- 33.311123
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Commercial building in North Griffin with high traffic count.
Where is this office building located?
The property is located at 2954 N Expressway Griffin, GA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Prime commercial location with **high traffic count (over 30,000 cars per day)** on 19/41 and Old Atlanta Rd.; **Recently renovated 4800 sq ft building.**; Multiple offices, conference room, large reception room, kitchen area, break room, full and hall bathrooms, and storage room.
