Retail Space on Highway
1971 Hwy 54 W, Fayetteville, GA 30214
6,897 SF retail space with highway visibility.
Type:Retail
Property size:
6,897 SFPrice / SF:
$188/SF- Added:
- Aug 8, 2019
- Days on Market:
- 2474
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 1971 Hwy 54 W
General Information
- Standard status
- Active
- Size
- 6,897 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1978
Listing agent Brent Randolph License #GA 244669
Listing office Randolph Williams
Listing date Aug 8, 2019
Source Crexi
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 Randolph Williams
HighLights
- High Visibility and Easy Access from Highway 54
- +/- 6,897 SF Available across two buildings: 3,433 SF & 3,464 SF
- Excellent Retail or Office Location
- Located Near Publix and Convenient to Amenities
- General Commercial (GC) Zoning
- High Traffic Volume: Over 25,155 VPD
Overview
Approximately 6,897 square feet of retail space is available, divided between two buildings. Building 100 offers 3,433 square feet, while Building 200 provides 3,464 square feet. Constructed in 1978, the property benefits from high visibility and easy access from Highway 54. The location is near a Publix supermarket and offers convenient access to numerous restaurants, shops, and banks. Zoned GC - General Commercial, the property experiences traffic of over 25,155 vehicles per day, making it an excellent location for retail or office use.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.08M
NOI $97,009 @ 9.00% cap · cautious / downside scenario
Moderate
$1.39M
NOI $97,009 @ 7.00% cap · market / base-case scenario
Aggressive
$1.94M
NOI $97,009 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.5k | $21.96 |
| − Vacancy | −$12.9k | −$1.87 |
| EGI | $138.6k | $20.09 |
| − OpEx | −$41.6k | −$6.03 |
| NOI | $97.0k | $14.07 |
6,897 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $97,009 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,958 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Fayette
- State
- Georgia
- Longitude
- -84.550974
- Latitude
- 33.436511
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 6,897 SF retail space with highway visibility.
Where is this retail space located?
The property is located at 1971 Hwy 54 W Fayetteville, GA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: High Visibility and Easy Access from Highway 54; +/- 6,897 SF Available across two buildings: 3,433 SF & 3,464 SF; Excellent Retail or Office Location
