Downtown Office Suite with Conversion
For Sale
$337,500
1602 W Cleveland Avenue #GEORGIA, East Point, GA 30344
Office suite offering flexible layout with potential conversion to retail or other commercial uses, subject to approvals.
Property Size1,920 SF
Price / SF$260.42
Days on Market99
Property Features for 1602 W Cleveland Avenue #GEORGIA
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Commercial
Site & Location
Neighborhood
Linwood Heights
Amenities
0.04 acres, Level
Tar/Gravel
Public Sewer
Parcel Number: 14 015700091027, Annual Amount: $1,284, Tax Block: 3, Year: 2025
Vinyl, Tile, Carpet
Central Air
Forced Air
Listing ID: 10811692, Standard Status: Active, MLS Status: Active, On market as of 2026-07-23, 95 days on market, Special Conditions: As Is, Agent Owned, Real Estate Owned
2 total parking spaces, On Street, Parking Lot
Built in 1920, Construction Materials: Concrete
County/Parish: Fulton
Updated/Remodeled
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Source: Public, 220 Volts
Close Of Escrow
Closed Circuit Cameras
Accessible Hallway(s), Accessible Entrance
Other equipment: Furniture, Fixtures
Building Details
Building Size
1,920 SF
Year Built
1920
Listing Agency:
Knapp Realty
(404) 370-0092
Listed By:
Dany L Craig · License #359859
(770) 310-0532
Source:
Blackstreaminternational
Added: Jul 23
Changed: Oct 27
Last Checked: Oct 28 at 7:33AM
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 Knapp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is currently being used as an office and features a flexible floor plan that may support continued office use or conversion to retail or other commercial uses, subject to applicable approvals.
Positioned in the heart of downtown East Point, the property is located directly across from East Point City Hall, just off Main Street, and steps from the MARTA station. The setting offers strong pedestrian traffic and visibility among established restaurants, shops, and local businesses. A planned mixed-use development across the street is expected to bring additional activity to the area.
Positioned in the heart of downtown East Point, the property is located directly across from East Point City Hall, just off Main Street, and steps from the MARTA station. The setting offers strong pedestrian traffic and visibility among established restaurants, shops, and local businesses. A planned mixed-use development across the street is expected to bring additional activity to the area.
Key Highlights
- Year built 1920 commercial property currently used as an office
- Flexible floor plan suitable for continued office use or conversion to retail/other commercial uses (subject to approvals)
- Located directly across from East Point City Hall, just off Main Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,355
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,100
$347.1K
Cap Rate 7%
$247,929
$247.9K
Cap Rate 9%
$192,833
$192.8K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$30.9K $23.87/SF
− Vacancy
−$7.8K −$6.02/SF
EGI
$23.1K $17.85/SF
− OpEx
−$5.8K −$4.46/SF
NOI
$17.4K $13.39/SF
Area
Fulton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,100
Cap Rate 7%
$247,929
Cap Rate 9%
$192,833
Alternative Uses
Best Use
Office B
$247.9K
$216.9K – $289.3K
NOI $17,355 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.3K
$317.0K – $422.7K
NOI $25,360 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite offering flexible layout with potential conversion to retail or other commercial uses, subject to approvals.
Where is this office unit located?
The property is located at 1602 W Cleveland Avenue #GEORGIA East Point, GA.
What is the asking price?
The asking price for this property is $337,500.
What are key features of this property?
This property features: Year built 1920 commercial property currently used as an office; Flexible floor plan suitable for continued office use or conversion to retail/other commercial uses (subject to approvals); Located directly across from East Point City Hall, just off Main Street
