Two-Building Downtown Retail
10 E Broad Street Newnan, GA 30263
10 E Broad Street, Newnan, GA, 30263
$2,100,000
For Sale
$2,100,000
Two adjoining brick storefront buildings total 10,384 SF and feature open interiors with high ceilings.
Property Size10,384 SF
Price / SF$202.23
Days on Market411
Property Features for 10 E Broad Street
General Information
- Standard status
- Active
- Size
- 10,384 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1900
Listing agency
Ansley RE
(404) 264-9000
Listed by
Comer Jennings · License #165488
(404) 264-9000
Source
Xome
Added: Jun 6, 2025 Updated: Jul 20 at 8:08PM Checked: Jul 21 at 3:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ansley RE
Investment Insights
Based on property information with market context.
This for-sale offering features a classic 1950 brick storefront row comprising two adjoining buildings. The property totals 10,384 SF across two addresses, 10 and 12/14 E Broad St and 16 E Broad St. Current layouts include high ceilings and open floor plans designed to support a variety of future retail or office re-tenanting concepts.
The buildings are located in the heart of downtown Newnan, within walking distance to the Federal Courthouse, Post Office, and Justice Center, as well as the landmark Coweta County Courthouse. Public parking is available along Broad and nearby side streets and city lots.
Leasing is in place with diversified tenancy. The 10/12/14 E Broad building (6,608 SF) is leased to a framing shop, janitorial company, and law firm. The 16 E Broad building (3,776 SF) is leased to a bank.
The buildings are located in the heart of downtown Newnan, within walking distance to the Federal Courthouse, Post Office, and Justice Center, as well as the landmark Coweta County Courthouse. Public parking is available along Broad and nearby side streets and city lots.
Leasing is in place with diversified tenancy. The 10/12/14 E Broad building (6,608 SF) is leased to a framing shop, janitorial company, and law firm. The 16 E Broad building (3,776 SF) is leased to a bank.
Key Highlights
- Two adjoining brick storefront buildings on E Broad St totaling 10,384 SF across parcels N01 0008 008 and N01 0008 009
- Leased space includes 10/12/14 E Broad (6,608 SF) and 16 E Broad (3,776 SF)
- Current tenants include a framing shop, janitorial company, law firm, and a bank providing service retail and professional uses
Local Financial Insights For Specialty 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 | $239.2k | $23.04 |
| − Vacancy | −$16.7k | −$1.61 |
| EGI | $222.5k | $21.43 |
| − OpEx | −$55.6k | −$5.36 |
| NOI | $166.9k | $16.07 |
10,384 SF · lease $23.04/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.38M
$2.09M – $2.78M
NOI $166,875 @ 7.0% cap · market cap 7.95%
Second Best
Retail
$2.09M
$1.83M – $2.43M
NOI $146,055 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M
NOI $203,191 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fine Lines Art ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Perfect Poppy — 8 Greenville St S, Newnan, GA 30263
- Murphey Florist — 6 Lagrange St, Newnan, GA 30263
FAQs
What type of property is this?
Storefront property - Two adjoining brick storefront buildings total 10,384 SF and feature open interiors with high ceilings.
Where is this storefront property located?
The property is located at 10 E Broad Street Newnan, GA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two adjoining brick storefront buildings on E Broad St totaling 10,384 SF across parcels N01 0008 008 and N01 0008 009; Leased space includes 10/12/14 E Broad (6,608 SF) and 16 E Broad (3,776 SF); Current tenants include a framing shop, janitorial company, law firm, and a bank providing service retail and professional uses
