Three-Building Mixed-Use
For Sale
$3,000,000
167 Greenville Street, Newnan, GA 30263
Commercial Sale, Newnan, GA
Property Size23,994 SF
Lot Size1.38 Acres
Price / SF$125.03
Days on Market612
Property Features for 167 Greenville Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Window features
Display Window(s)
Lot features
City Lot, Level, Semi Turning Available
Directions
GPS
Standard status
Active
APN
N46 003
Size
23,994 SF
Lot size
1.38 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9095
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas, Zoned, Central
Cooling system
Zoned, Central Air
Water source
Public
Building Details
Year built
1960
Flooring type
Hardwood, Tile, Concrete
Building materials
Block, Brick, Frame, Steel Siding
Roof type
Composition
Additional Structures
Workshop
Listing Agency:
Bush Real Estate
(770) 252-0042
Listed By:
Jeffery L Avery · License #269138
(404) 867-7582
Added: Feb 5, 2025
Changed: Sep 13
Last Checked: Oct 10 at 5:06AM
MLS# 10454401
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.
Investment Insights
Based on property information with market context.
The property contains three buildings totaling 23994 square feet on a 1.38-acre parcel. The improvements date to 1960 and feature block, brick, frame, and steel siding construction, with concrete, hardwood, and tile flooring. Zoned and central heating, natural gas, central air, and zoned cooling serve the buildings. Composition roofing is also in place.
Located on Greenville Street in downtown Newnan, the property sits south of Atlanta and off I-85. Public water and public sewer are available, with water service provided through the public system. A parking lot serves the site. The property is identified as the Coca-Cola building and includes three separate structures within the commercial parcel.
Located on Greenville Street in downtown Newnan, the property sits south of Atlanta and off I-85. Public water and public sewer are available, with water service provided through the public system. A parking lot serves the site. The property is identified as the Coca-Cola building and includes three separate structures within the commercial parcel.
Key Highlights
- 23994 square feet across 3 buildings
- 1.38‑acre parcel in downtown Newnan
- Built in 1960 with block, brick, frame, and steel siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,168
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,923,360
$2.9M
Cap Rate 7%
$2,088,114
$2.1M
Cap Rate 9%
$1,624,089
$1.6M
Market Conditions
NOI Build-Up for 23,994 SF
Gross rent
$227.5K $9.48/SF
− Vacancy
−$18.7K −$0.78/SF
EGI
$208.8K $8.70/SF
− OpEx
−$62.6K −$2.61/SF
NOI
$146.2K $6.09/SF
Area
Coweta County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,923,360
Cap Rate 7%
$2,088,114
Cap Rate 9%
$1,624,089
Alternative Uses
Best Use
Mixed Use
$4.16M
$3.64M – $4.86M
NOI $291,527 @ 7.0% cap · market cap 9.72%
Second Best
Industrial
$2.09M
$1.83M – $2.44M
NOI $146,168 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$6.71M
$5.87M – $7.83M
NOI $469,507 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 30263, GA
60,467
Population
23,792
Households
2.5
Avg Household Size
38
Median Age
31%
College-Educated
89%
High-School Grad
198.2 sq mi
ZIP Area
305
Density / Sq Mi
$79,752
Median Household Income
$44,508
Median Earnings
$1,332
Median Rent
$278,200
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 South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Block, brick, frame, and steel siding construction with public utilities and on-site lot parking.
Where is this mixed-use property located?
The property is located at 167 Greenville Street Newnan, GA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 23994 square feet across 3 buildings; 1.38‑acre parcel in downtown Newnan; Built in 1960 with block, brick, frame, and steel siding
