Freestanding Flex
For Sale
$480,000
1200 Central Avenue, Atlanta, GA 30344
Commercial Sale, Atlanta, GA
Property Size5,332 SF
Lot Size0.23 Acres
Price / SF$90.02
Days on Market142
Property Features for 1200 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
25
Parking features
Parking Lot
Lot features
Corner Lot, Level
Directions
Please use GPS.
Standard status
Active
APN
14 013100160377
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
Flooring type
Concrete
Building materials
Stucco
Listing Agency:
Engel & V?lkers Atlanta · Engel & Völkers
(404) 845-7724
Listed By:
Tamie Pettaway
(678) 873-4030
Added: Jun 10
Changed: Oct 20
Last Checked: Oct 29 at 3:06AM
MLS# 10782621
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Freestanding commercial improvements at 1200 Central Avenue include a concrete-floored building constructed in 1954, with stucco exterior materials and an on-site parking lot. The property was previously used for audio and auto repair and is being sold as-is, providing a structure suited to renovation or repositioning. Public water and sewer serve the site.
The approximately 0.23-acre property is positioned in East Point near Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, major interstates, and MARTA access. The building is identified as approximately 5,332 square feet in the property remarks, while the recorded PropertySize field is 0; buyers should independently verify square footage, zoning, permitted uses, and development possibilities. Zoning is identified as I-1 Light Industrial.
The approximately 0.23-acre property is positioned in East Point near Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, major interstates, and MARTA access. The building is identified as approximately 5,332 square feet in the property remarks, while the recorded PropertySize field is 0; buyers should independently verify square footage, zoning, permitted uses, and development possibilities. Zoning is identified as I-1 Light Industrial.
Key Highlights
- Approximately 0.23‑acre site at 1200 Central Avenue, Atlanta, GA 30344
- Approximately 5,332‑square‑foot building identified in the property remarks
- I‑1 Light Industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,386
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,720
$747.7K
Cap Rate 7%
$534,086
$534.1K
Cap Rate 9%
$415,400
$415.4K
Market Conditions
NOI Build-Up for 5,332 SF
Gross rent
$48.2K $9.04/SF
− Vacancy
−$4.2K −$0.79/SF
EGI
$44.0K $8.25/SF
− OpEx
−$6.6K −$1.24/SF
NOI
$37.4K $7.01/SF
Area
Atlanta, GA
Vacancy
8.75%
Lease Rate
$9.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,720
Cap Rate 7%
$534,086
Cap Rate 9%
$415,400
Alternative Uses
Best Use
Retail
$887.8K
$776.8K – $1.04M
NOI $62,144 @ 7.0% cap · market cap 12.95%
Second Best
Flex RnD
$756.9K
$662.3K – $883.1K
NOI $52,985 @ 7.0% cap · market cap 11.04%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,335 @ 7.0% cap · market cap 21.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Atlanta, GA
Similar Off Market Nearby
- C2E Innovative Cuisine Takeout/Catering — 1005 Virginia Ave Suite 200, Atlanta, GA 30354
- Moe's Southwest Grill — 925 Virginia Ave STE. B, Hapeville, GA 30354
- Laurent’s Catering — 1239 Willingham Dr, East Point, GA 30344
- Blame chef — 1239 Willingham Dr, Atlanta, GA 30344
- LSG Sky Chefs Inc — 1102 Central Ave, East Point, GA 30344
Frequently Asked Questions
What type of property is this?
Flex space - I-1 Light Industrial zoning supports warehouse, automotive, and light manufacturing applications, subject to verification.
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 $480,000.
What are key features of this property?
This property features: Approximately 0.23‑acre site at 1200 Central Avenue, Atlanta, GA 30344; Approximately 5,332‑square‑foot building identified in the property remarks; I‑1 Light Industrial zoning
