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    Historic Hapeville Mixed-Use Property Title is generated by Realmo AI

    679 N Central Avenue, Hapeville, GA 30354

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    For Sale
    $500,000

    Versatile property in Hapeville's Historic District, suitable for various uses.

    Property size:
    2,092 SF
    Price / SF:
    $239/SF
    Added:
    Jan 29, 2025
    Days on Market:
    502
    Last Refresh:
    May 13 at 8:38 pm

    Property Features for 679 N Central Avenue

    General Information

    Standard status
    Active
    Size
    2,092 SF
    Property subtype
    Other

    Building Details

    Year Built
    1920

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    Listing Contact
    Harry Norman Realtors

    Listing agent Harry Norman Realtors

    Listing office

    Listing date Jan 29, 2025

    Source Xome

    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 Harry Norman Realtors

    HighLights

    • Prime location in Hapeville's Historic District with Urban Village zoning, offering diverse residential and commercial possibilities.
    • Close proximity to parks, restaurants, breweries, coffee shops, cultural attractions, the airport, Porsche HQ, and downtown Atlanta.
    • Features a 24X24 garage and paved backyard.
    • Includes a covered front porch, parlor with pocket doors, open kitchen, dining area, and a bathroom with clawfoot tub.
    • Two additional bedrooms, washer and dryer, and an office/living area upstairs, accessible by inside or outside staircases.
    • New architectural shingle roof and central air conditioning.

    Overview

    Constructed in the 1890s during Hapeville's expansion as a train depot village, this property features prime frontage and has been thoughtfully maintained for residential or commercial use. Located in Hapeville's Historic District, it is near parks, restaurants, breweries, a coffee shop, and cultural attractions. Its location within the Arts Overlay District, along with its proximity to the airport, Porsche HQ, and downtown Atlanta, enhances its value. The property includes a covered east-facing front porch leading to a parlor with wide pocket doors, an entry hall, a primary bedroom, an open kitchen, a dining area, and a bathroom with a clawfoot tub. Upstairs, accessible by inside or outside staircases, are two additional bedrooms, a washer and dryer in the eat-in kitchen, and an office/living area. A laundry room and covered back porch provide access to the 24x24 garage with a paved backyard and storage secured by a wooden fence. A 7'x7' Craftsman garden shed is located behind the garage/storage building. The house has a new roof made of architectural shingles. With Urban Village zoning, the property offers potential for professional offices (legal, real estate, medical), art, retail shops, and a bed-and-breakfast inn. The property's flexibility makes it suitable for a live/work space, a boutique business, or a creative venture. The property size is 2092 square feet.

    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 $49.9k $23.87
    − Vacancy −$12.6k −$6.02
    EGI $37.4k $17.85
    − OpEx −$9.3k −$4.46
    NOI $28.0k $13.39
    2,092 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $400.2K
    $350.2K – $466.9K (±1% cap)
    NOI $28,014 @ 7.0% cap · market cap 5.60%
    Second Best
    Retail
    $383.6K
    $335.6K – $447.5K (±1% cap)
    NOI $26,851 @ 7.0% cap · market cap 5.37%
    Theoretical Best
    Office A
    $584.8K
    $511.7K – $682.3K (±1% cap)
    NOI $40,936 @ 7.0% cap · market cap 8.19%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Map

    City
    Hapeville
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3853
    Latitude
    33.6616

    FAQs

    What type of property is this?
    Mixed-use property - Versatile property in Hapeville's Historic District, suitable for various uses.
    Where is this mixed-use property located?
    The property is located at 679 N Central Avenue Hapeville, GA.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Prime location in Hapeville's Historic District with Urban Village zoning, offering diverse residential and commercial possibilities.; Close proximity to parks, restaurants, breweries, coffee shops, cultural attractions, the airport, Porsche HQ, and downtown Atlanta.; Features a 24X24 garage and paved backyard.
    More about this property
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