Corner-Lot Mixed-Use
For Sale
$300,000
1553 Jonesboro Rd SE, Atlanta, GA 30315
Vacant property combines a neighborhood retail component with an attached residence and public water and sewer.
Property Size2,224 SF
Price / SF$134.89
Days on Market109
Property Features for 1553 Jonesboro Rd SE
General Information
Standard status
Active
Size
2,224 SF
Property subtype
Commercial
Building Details
Year Built
1930
Listing Agency:
EXP Realty, LLC.
Listed By:
Adrea Thomas (888-959-9461)
(404) 281-1888
Source:
Panhandlehomelistings
Added: Jun 29
Changed: Oct 14
Last Checked: Oct 12 at 10:32PM
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 EXP Realty, LLC.
Investment Insights
Based on property information with market context.
Located at 1553 Jonesboro Rd SE in Atlanta, this corner-lot mixed-use property includes an approximately 744-square-foot former neighborhood convenience store connected to an approximately 1,440-square-foot single-family residence. The building dates to 1930 and is currently vacant.
Public water and sewer serve the property. The sale is as-is, with the interior requiring a complete renovation after unauthorized occupancy. Its position provides visibility and access to Downtown Atlanta, I-75/I-85, and nearby residential neighborhoods, creating a property configuration that combines retail and residential components in one structure.
Public water and sewer serve the property. The sale is as-is, with the interior requiring a complete renovation after unauthorized occupancy. Its position provides visibility and access to Downtown Atlanta, I-75/I-85, and nearby residential neighborhoods, creating a property configuration that combines retail and residential components in one structure.
Key Highlights
- Corner‑lot property at 1553 Jonesboro Rd SE, Atlanta, GA 30315
- Approximately 744 SF former neighborhood convenience store
- Attached approximately 1,440 SF single‑family residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,022
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,440
$540.4K
Cap Rate 7%
$386,029
$386.0K
Cap Rate 9%
$300,244
$300.2K
Market Conditions
NOI Build-Up for 2,224 SF
Gross rent
$48.0K $21.60/SF
− Vacancy
−$4.8K −$2.16/SF
EGI
$43.2K $19.44/SF
− OpEx
−$16.2K −$7.29/SF
NOI
$27.0K $12.15/SF
Area
Atlanta, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,440
Cap Rate 7%
$386,029
Cap Rate 9%
$300,244
Alternative Uses
Best Use
Specialty Retail
$430.1K
$376.3K – $501.7K
NOI $30,104 @ 7.0% cap · market cap 10.03%
Second Best
Mixed Use
$386.0K
$337.8K – $450.4K
NOI $27,022 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$621.7K
$544.0K – $725.3K
NOI $43,519 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 30315, GA
34,327
Population
15,458
Households
2.2
Avg Household Size
34
Median Age
28%
College-Educated
82%
High-School Grad
11.5 sq mi
ZIP Area
2,985
Density / Sq Mi
$42,383
Median Household Income
$36,311
Median Earnings
$989
Median Rent
$266,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Atlanta, GA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant property combines a neighborhood retail component with an attached residence and public water and sewer.
Where is this mixed-use property located?
The property is located at 1553 Jonesboro Rd SE Atlanta, GA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Corner‑lot property at 1553 Jonesboro Rd SE, Atlanta, GA 30315; Approximately 744 SF former neighborhood convenience store; Attached approximately 1,440 SF single‑family residence
