Freestanding Light Industrial
1200 Central Avenue Atlanta, GA 30344
For Sale
$500,000
Commercial Sale, Other - Atlanta, GA
Property Size5,332 SF
Lot Size0.23 Acres
Price / SF$93.77
Days on Market45
Property Features for 1200 Central Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Industrial
- Parking
- 25
- Parking features
- Parking Lot
- Standard status
- Active
- Lot size
- 0.23 Acres
Utilities
- Heating system
- None (Heating)
- Cooling system
- None (Cooling)
Building Details
- Year built
- 1954
- Floors in Building
- 1
- Flooring type
- Concrete
- Roof type
- Other
- Architectural style
- Other
Listing Agency:
Engel & Völkers Atlanta
(404) 845-7724
Listed By:
Tamie Pettaway
(678) 873-4030
Added: Jun 12
Changed: Jul 15
Last Checked: Jul 26 at 1:06PM
MLS# 7785777
Copyright © 2026 Engel & Völkers. 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 offers a redevelopment and renovation path for owner-users and investors. Built in 1954, the approximately 5,332-square-foot structure sits on an approximately 0.23-acre lot and was previously utilized as an audio and auto repair facility. The property is being sold as-is and is described as suitable for renovation, repositioning, or adaptive reuse, with multiple potential operating formats to be verified by the buyer.
The property is located at 1200 Central Avenue in Atlanta (East Point area per remarks), on a highly visible lot. The seller notes strong accessibility and proximity to Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, major interstates, and MARTA access.
The building is identified as zoned I-1 Light Industrial. Buyers are instructed to independently verify zoning, permitted uses, square footage, and development opportunities.
The property is located at 1200 Central Avenue in Atlanta (East Point area per remarks), on a highly visible lot. The seller notes strong accessibility and proximity to Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, major interstates, and MARTA access.
The building is identified as zoned I-1 Light Industrial. Buyers are instructed to independently verify zoning, permitted uses, square footage, and development opportunities.
Key Highlights
- Approximately 5,332‑SF freestanding industrial/commercial building built in 1954
- Located on approximately 0.23 acres in East Point on a highly visible lot
- Zoned I‑1 light industrial; previously used for audio and auto repair
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
Warehouse
$534.1K
$467.3K – $623.1K
NOI $37,386 @ 7.0% cap · market cap 7.48%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
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FAQs
What type of property is this?
Warehouse - Freestanding I-1 light industrial building on a highly visible lot, built in 1954 and sold as-is.
Where is this warehouse 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: Approximately 5,332‑SF freestanding industrial/commercial building built in 1954; Located on approximately 0.23 acres in East Point on a highly visible lot; Zoned I‑1 light industrial; previously used for audio and auto repair
