Freestanding Light Industrial
For Sale
$500,000
1200 Central Avenue, Atlanta, GA 30344
COMMERCIAL - Atlanta, GA
Property Size5,332 SF
Lot Size0.23 Acres
Price / SF$93.77
Days on Market51
Property Features for 1200 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I1
Parking
25
Parking features
Parking Lot
Interior features
High Ceilings 10 or Greater
Lot features
Corner Lot, Free Standing, Level
Directions
Please use GPS.
Standard status
Active
Size
5,332 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1121
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Flooring type
Concrete
Building materials
Stucco
Additional Structures
Other
Listing Agency:
Engel & Volkers Atlanta · Engel & Völkers
(404) 845-7724
Listed By:
Tamie Pettaway · License #252740
(404) 845-7724
Added: Jun 10
Last Checked: Jul 30 at 2:06PM
MLS# 7785777
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.
This freestanding industrial/commercial building totals approximately 5,332 square feet and sits on about 0.23 acres. Built in 1954, it was previously utilized as an audio and auto repair facility and is being offered for owner-user, investor, creative workspace, automotive, warehouse, distribution, or light industrial use. The property is sold as-is and is intended for renovation, repositioning, or redevelopment, subject to buyer review of conditions and opportunities.
The property is located on a highly visible lot in the East Point business corridor. Public remarks indicate it is minutes from Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, major interstates, and MARTA access, supporting convenient regional connectivity.
For buyers evaluating redevelopment or an owner-user facility, the I-1 light industrial zoning may support a range of light industrial and logistics-oriented concepts, pending confirmation of permitted uses. The building’s established industrial/commercial profile and straightforward freestanding configuration can fit operators looking for a renovation-and-repositioning project. Prospective buyers are instructed to independently verify zoning, permitted uses, square footage, and development opportunities.
The property is located on a highly visible lot in the East Point business corridor. Public remarks indicate it is minutes from Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, major interstates, and MARTA access, supporting convenient regional connectivity.
For buyers evaluating redevelopment or an owner-user facility, the I-1 light industrial zoning may support a range of light industrial and logistics-oriented concepts, pending confirmation of permitted uses. The building’s established industrial/commercial profile and straightforward freestanding configuration can fit operators looking for a renovation-and-repositioning project. Prospective buyers are instructed to independently verify zoning, permitted uses, square footage, and development opportunities.
Key Highlights
- Freestanding 5,332 SF industrial/commercial building built in 1954
- Zoned I‑1 Light Industrial with public utilities: public water and public sewer
- Approx. 0.23‑acre lot and parking lot onsite
Financial Insights For Warehouse
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 | $48.2k | $9.04 |
| − Vacancy | −$4.2k | −$0.79 |
| EGI | $44.0k | $8.25 |
| − OpEx | −$6.6k | −$1.24 |
| NOI | $37.4k | $7.01 |
5,332 SF · lease $9.04/SF/yr · vacancy 8.75% · expense 15.00%
Alternative Uses
Best Use
Retail
$887.8K
$776.8K – $1.04M
NOI $62,144 @ 7.0% cap · market cap 12.43%
Second Best
Flex RnD
$756.9K
$662.3K – $883.1K
NOI $52,985 @ 7.0% cap · market cap 10.60%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,335 @ 7.0% cap · market cap 20.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30344, GA
35,365
Population
17,586
Households
2
Avg Household Size
36
Median Age
36%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
2,923
Density / Sq Mi
$59,647
Median Household Income
$42,108
Median Earnings
$1,315
Median Rent
$240,700
Median Home Value
Market
Vacancy Rate% for Industrial in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- C2E Innovative Cuisine Takeout/Catering — 1005 Virginia Ave Suite 200, Atlanta, GA 30354
- Blame chef — 1239 Willingham Dr, Atlanta, GA 30344
Frequently Asked Questions
What type of property is this?
Flex space - I-1 zoned freestanding building formerly used for audio and auto repair, offered as-is for renovation or adaptive reuse.
Where is this flex space located?
The property is located at 1200 Central Avenue Atlanta, 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: Freestanding 5,332 SF industrial/commercial building built in 1954; Zoned I‑1 Light Industrial with public utilities: public water and public sewer; Approx. 0.23‑acre lot and parking lot onsite
