Retail Space Near Interstate I-20

2517 Gresham SE Road, Atlanta, GA 30316

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For Sale

$450,000

Retail space with high visibility and recent updates.

Type:Commercial/Industrial

Property size:

3,420 SF

Lot size:

1.00 Acres

Price / SF:

$131/SF

HighLights

High traffic location with 16,400 average daily traffic and street visibility
3420 sqft retail space, offering flexible usage as it is currently divided into two spaces
Conveniently located off I‑20 (Exits 63 and 62) and near a Walmart Supercenter
Recently updated interior with painted and polished concrete floors and 4 finished bathrooms
Ample parking available
End unit with adjacent property suitable for fencing and storage

We can help!

Listing Contact

Anthony Hippeli

For Sale

$450,000

Retail space with high visibility and recent updates.

Type:Commercial/Industrial

Property size:

3,420 SF

Lot size:

1.00 Acres

Price / SF:

$131/SF

Added:: Feb 10, 2025
Days on Market:: 490
Last Refresh:: May 19 at 10:40 pm

Property Features for 2517 Gresham SE Road

General Information

Standard status: Active
Size: 3,420 SF
Lot size: 1.00 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1963

We can help!

Listing Contact

Anthony Hippeli

Listing agent Anthony Hippeli License #267777

Listing office Keller Williams Realty Atlanta Partners

Listing date Feb 10, 2025

Source Exitrealty

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 Keller Williams Realty Atlanta Partners

HighLights

High traffic location with 16,400 average daily traffic and street visibility
3420 sqft retail space, offering flexible usage as it is currently divided into two spaces
Conveniently located off I‑20 (Exits 63 and 62) and near a Walmart Supercenter
Recently updated interior with painted and polished concrete floors and 4 finished bathrooms
Ample parking available
End unit with adjacent property suitable for fencing and storage

Overview

This property features 3,420 square feet of retail space. It is located off I-20 at Exit #63 westbound and Exit #62 eastbound, and is situated 0.4 miles from a Walmart Supercenter. The space is currently divided into two units, as shown in the floor plans. The property includes ample parking. It is an end unit with additional space on the side of the building suitable for constructing a fence and storing work trucks or equipment. The interior has been recently updated with painted and polished concrete floors, and includes four finished bathrooms in total, as well as newer HVAC units. The property offers street visibility and is suitable for a small business owner. The average daily traffic count is 16,400.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$61.6k	$18.00
− Vacancy	−$4.6k	−$1.35
EGI	$56.9k	$16.65
− OpEx	−$17.1k	−$5.00
NOI	$39.9k	$11.66

3,420 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$569.4K

$498.3K – $664.3K (±1% cap)

NOI $39,860 @ 7.0% cap · market cap 8.86%

Second Best

—

no second resolved use

Theoretical Best

Office A

$956.0K

$836.5K – $1.12M (±1% cap)

NOI $66,921 @ 7.0% cap · market cap 14.87%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

The Palace Salon and Barbershop Hair Salon The Fade Lounge & Salon Barber Shop

Suggested Use

Location Insight

Map
Local Demand

City: Atlanta
County: Cobb
State: Georgia
Longitude: -84.3112
Latitude: 33.7149

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For sale
Retail space
GA
Atlanta
30316
2517 Gresham SE Road

What type of property is this?

Retail space - Retail space with high visibility and recent updates.

Where is this retail space located?

The property is located at 2517 Gresham SE Road Atlanta, GA.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: High traffic location with 16,400 average daily traffic and street visibility; 3420 sqft retail space, offering flexible usage as it is currently divided into two spaces; Conveniently located off I‑20 (Exits 63 and 62) and near a Walmart Supercenter