Brick Retail Building with Flexible
119 E Broad St Newnan, GA 30263
For Sale
$185,000
Pending
Four-sided brick building zoned for urban neighborhood commercial uses with prior food mart and former gas station improvements.
Property Size1,580 SF
Lot Size0.38 Acres
Days on Market94
Property Features for 119 E Broad St
General Information
Standard status
Pending
Size
1,580 SF
Lot size
0.38 Acres
Listing Agency:
Lindsey's Inc., Realtors
(404) 936-7422
Listed By:
Tom W Barron
(404) 936-7422
Source:
Exprealty
Added: Apr 25
Changed: Jul 10
Last Checked: Jul 26 at 5:43PM
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 Lindsey's Inc., Realtors
Investment Insights
Based on property information with market context.
This four-sided brick commercial building sits on a 0.38-acre lot and is zoned CUN (Urban Neighborhood Commercial). The property has recently operated as a food mart. It was originally built as a gas station, and the gas tanks have been removed, supporting continued commercial reuse of the structure.
Located within walking distance to Historic Downtown Newnan, the building is positioned in a high-traffic area. Its compact size and street-facing commercial configuration can be useful for small service and retail operators seeking a storefront-style presence.
The zoning and existing building make the property a practical fit for a range of smaller business concepts. The current and past use history supports retail or convenience-oriented activity, while the shell and layout can also be considered for uses such as a mechanic shop, office, medical, barber shop, art studio, or pet grooming, among other neighborhood service needs. This offering is for sale and is priced below appraisal, presenting an opportunity to acquire a flexible urban commercial building with a known footprint for redevelopment or re-tenanting.
Located within walking distance to Historic Downtown Newnan, the building is positioned in a high-traffic area. Its compact size and street-facing commercial configuration can be useful for small service and retail operators seeking a storefront-style presence.
The zoning and existing building make the property a practical fit for a range of smaller business concepts. The current and past use history supports retail or convenience-oriented activity, while the shell and layout can also be considered for uses such as a mechanic shop, office, medical, barber shop, art studio, or pet grooming, among other neighborhood service needs. This offering is for sale and is priced below appraisal, presenting an opportunity to acquire a flexible urban commercial building with a known footprint for redevelopment or re-tenanting.
Key Highlights
- 4‑sided brick commercial building on a 0.38‑acre lot
- Zoned CUN (Urban Neighborhood Commercial)
- Previously used as a food mart; originally a gas station with gas tanks removed years ago
Financial Insights For Industrial
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 | $15.0k | $9.48 |
| − Vacancy | −$1.2k | −$0.78 |
| EGI | $13.8k | $8.70 |
| − OpEx | −$4.1k | −$2.61 |
| NOI | $9.6k | $6.09 |
1,580 SF · lease $9.48/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$362.7K
$317.4K – $423.2K
NOI $25,391 @ 7.0% cap · market cap 13.72%
Second Best
Healthcare Medical
$327.3K
$286.4K – $381.8K
NOI $22,908 @ 7.0% cap · market cap 12.38%
Theoretical Best
Office A
$441.7K
$386.5K – $515.3K
NOI $30,917 @ 7.0% cap · market cap 16.71%
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?
Grocery and convenience store - Four-sided brick building zoned for urban neighborhood commercial uses with prior food mart and former gas station improvements.
Where is this grocery and convenience store located?
The property is located at 119 E Broad St Newnan, GA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 4‑sided brick commercial building on a 0.38‑acre lot; Zoned CUN (Urban Neighborhood Commercial); Previously used as a food mart; originally a gas station with gas tanks removed years ago
