Historic Hapeville Mixed-Use
679 N Central Avenue Hapeville, GA 30354
For Sale
$500,000
Pending
Versatile property in Hapeville's Historic District, suitable for various uses.
Property Size2,092 SF
Days on Market693
Property Features for 679 N Central Avenue
General Information
Standard status
Pending
Size
2,092 SF
Property subtype
Other
Building Details
Year Built
1920
Listing Agency:
Harry Norman Realtors
(404) 897-5558
Listed By:
Harry Norman Realtors · License #422605
(706) 818-4644
Source:
Xome
Added: Sep 6, 2024
Changed: Jul 6
Last Checked: Jul 30 at 3:50AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
NOI $28,014 @ 7.0% cap · market cap 5.60%
Second Best
Retail
$383.6K
$335.6K – $447.5K
NOI $26,851 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$584.8K
$511.7K – $682.3K
NOI $40,936 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
