Atlanta Westside Package Store
1151 Chattahoochee Ave NW, Atlanta, GA 30318
For Sale
Contact for pricing
20,000 SF building on 1.3 AC for sale.
Property Size19,996 SF
Lot Size1.30 Acres
Price / SF$475.10
Days on Market942
Property Features for 1151 Chattahoochee Ave NW
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
Widespread Commercial Group
Listed By:
Alicia Parker · License #422934
(918) 231-5995
Source:
Crexi
Added: Apr 12, 2024
Changed: Nov 3
Last Checked: Nov 8 at 6:51AM
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 Widespread Commercial Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a 20,000 square foot building situated on 1.3 acres. It currently operates as a package store with state-of-the-art technology and security. The business and real estate are available for purchase. The property includes a large parking lot and outdoor space suitable for a patio. Approximately 13,000 square feet of the building is used for the package store and warehouse receiving and storage. The remaining 7,000 square feet presents an opportunity to generate additional income, potentially as a bar, lounge, tasting room, gaming area, billiards hall, or patio. The surrounding area is a dense and desirable location with restaurants and recreational destinations such as Top Golf, Fetch Dog Park, Bad Axe Axe Throwing, Putt Shack, and the Atlanta Pickleball Center.
Key Highlights
- Largest package store available in Atlanta’s Westside, with potential to be the largest and highest volume in Georgia.
- Business and real estate for sale.
- 20,000 SF building on 1.3 AC with large parking lot and patio potential.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$336,533
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,730,660
$6.7M
Cap Rate 7%
$4,807,614
$4.8M
Cap Rate 9%
$3,739,256
$3.7M
Market Conditions
NOI Build-Up for 19,996 SF
Gross rent
$479.9K $24.00/SF
− Vacancy
−$31.2K −$1.56/SF
EGI
$448.7K $22.44/SF
− OpEx
−$112.2K −$5.61/SF
NOI
$336.5K $16.83/SF
Area
ZIP 30318
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,730,660
Cap Rate 7%
$4,807,614
Cap Rate 9%
$3,739,256
Alternative Uses
Best Use
Specialty Retail
$4.81M
$4.21M – $5.61M
NOI $336,533 @ 7.0% cap · market cap 3.54%
Second Best
Retail
$4.02M
$3.52M – $4.69M
NOI $281,251 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$5.59M
$4.89M – $6.52M
NOI $391,275 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,071
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30318, GA
60,392
Population
29,993
Households
2
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
20.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$79,222
Median Household Income
$53,455
Median Earnings
$1,702
Median Rent
$395,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Atlanta, GA
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 20,000 SF building on 1.3 AC for sale.
Where is this grocery and convenience store located?
The property is located at 1151 Chattahoochee Ave NW Atlanta, GA.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Largest package store available in Atlanta’s Westside, with potential to be the largest and highest volume in Georgia.; Business and real estate for sale.; 20,000 SF building on 1.3 AC with large parking lot and patio potential.**
