Brick Retail Storefront
For Sale
$2,100,000
10 E Broad Street, Newnan, GA 30263
COMMERCIAL - Newnan, GA
Property Size10,384 SF
Lot Size0.19 Acres
Price / SF$202.23
Days on Market351
Property Features for 10 E Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
X
Parking features
On Street
Interior features
Beamed Ceilings
Lot features
Corner Lot, Level
View
City
Directions
Located just off the square in Downtown Newnan GA. Your GPS will direct you conveintly to the front door.
Standard status
Active
APN
N01 0008 008
Size
10,384 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5937
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Building materials
Brick 4 Sides
Roof type
Flat
Listing Agency:
Ansley Real Estate | Christie's International Real Estate
(404) 480-4663
Listed By:
COMER JENNINGS · License #165488
(404) 264-9000
Added: Aug 19, 2025
Changed: Aug 4
Last Checked: Aug 4 at 7:06PM
MLS# 7635104
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.
Brick 4-sides storefront row offered as two adjoining retail buildings. The property totals 10,384 SF across 10 E Broad St and 16 E Broad St, with current configurations featuring high ceilings and open floor plans. Interior features include beamed ceilings. Building systems include central air, with utilities including cable available, public water, and public sewer. The roof is flat.
Tenants are currently in place with a diversified mix. 10/12/14 E Broad totals 6,608 SF and is leased to a framing shop, janitorial company, and law firm. 16 E Broad totals 3,776 SF and is leased to a bank. The parcels are N01 0008 008 and N01 0008 009, and the property sits on 0.19 acres, zoned X, with on-street parking along Broad and nearby side streets.
The configuration supports multiple storefront access points within a courthouse-adjacent downtown setting, with convenient public parking in the area. Buyers should verify details of any future leasing plans and financial projections; income is not guaranteed.
Tenants are currently in place with a diversified mix. 10/12/14 E Broad totals 6,608 SF and is leased to a framing shop, janitorial company, and law firm. 16 E Broad totals 3,776 SF and is leased to a bank. The parcels are N01 0008 008 and N01 0008 009, and the property sits on 0.19 acres, zoned X, with on-street parking along Broad and nearby side streets.
The configuration supports multiple storefront access points within a courthouse-adjacent downtown setting, with convenient public parking in the area. Buyers should verify details of any future leasing plans and financial projections; income is not guaranteed.
Key Highlights
- Two adjoining retail buildings totaling 10,384 SF on 0.19 acres, zoned X
- 10/12/14 E Broad totals 6,608 SF leased to a framing shop, janitorial company, and law firm
- 16 E Broad totals 3,776 SF leased to a bank
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Explore this area
Business Placement
Demographics for 30263, GA
60,467
Population
23,792
Households
2.5
Avg Household Size
38
Median Age
31%
College-Educated
89%
High-School Grad
198.2 sq mi
ZIP Area
305
Density / Sq Mi
$79,752
Median Household Income
$44,508
Median Earnings
$1,332
Median Rent
$278,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two adjoining downtown retail buildings with beamed ceilings, central air, and on-street parking.
Where is this retail space 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 retail buildings totaling 10,384 SF on 0.19 acres, zoned X; 10/12/14 E Broad totals 6,608 SF leased to a framing shop, janitorial company, and law firm; 16 E Broad totals 3,776 SF leased to a bank
