Office Building with Reception
2180 Highway 34, Newnan, GA 30265
For Sale
$449,000
Commercial Sale, Newnan, GA
Property Size1,520 SF
Lot Size0.53 Acres
Price / SF$295.39
Days on Market90
Property Features for 2180 Highway 34
General Information
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Additional Details
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Building Details
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Listing Agency:
Chapman Hall Premier, Realtors
(770) 454-7840
Listed By:
Ming Lu · License GA #353926
(408) 782-4663
Added: Aug 15
Changed: Oct 23
Last Checked: Nov 12 at 8:06AM
MLS# 10826836
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.
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Investment Insights
Based on property information with market context.
This approximately 1,520-square-foot office building was constructed in 1982 and includes a reception and waiting area, three private offices, a kitchen, two bathrooms, and a storage room. Carpet, tile, and vinyl flooring are installed, with forced-air heat, central electric air conditioning, a composition roof, wood siding, and a crawlspace foundation. The site also includes a parking lot and an accessible approach with ramp.
The property occupies approximately 0.53 acres along Highway 34 at 2180 Highway 34, Newnan, Georgia 30265. Reported daily vehicle volume is approximately 30,000-50,000 vehicles, providing direct corridor exposure. Public water is available, and water service is identified as public.
Commercial zoning and the existing interior arrangement support continued professional office use, with the current layout also identified for medical office applications. The property is positioned between the I-85 Exit 47 commercial district and the Sharpsburg/Thomas Crossroads area near Exit 51 and Highway 154, with Home Depot, Walmart, Academy Sports, and Kohl's identified in the surrounding commercial context.
The property occupies approximately 0.53 acres along Highway 34 at 2180 Highway 34, Newnan, Georgia 30265. Reported daily vehicle volume is approximately 30,000-50,000 vehicles, providing direct corridor exposure. Public water is available, and water service is identified as public.
Commercial zoning and the existing interior arrangement support continued professional office use, with the current layout also identified for medical office applications. The property is positioned between the I-85 Exit 47 commercial district and the Sharpsburg/Thomas Crossroads area near Exit 51 and Highway 154, with Home Depot, Walmart, Academy Sports, and Kohl's identified in the surrounding commercial context.
Key Highlights
- Approximately 1,520 SF office building with reception area, three private offices, kitchen, two bathrooms, and storage
- Approximately 0.53 acres along Highway 34 in Newnan, GA
- Approximately 30,000‑50,000 vehicles passing daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,569
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,380
$411.4K
Cap Rate 7%
$293,843
$293.8K
Cap Rate 9%
$228,544
$228.5K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$38.3K $25.20/SF
− Vacancy
−$4.0K −$2.65/SF
EGI
$34.3K $22.55/SF
− OpEx
−$13.7K −$9.02/SF
NOI
$20.6K $13.53/SF
Area
Coweta County, GA
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,380
Cap Rate 7%
$293,843
Cap Rate 9%
$228,544
Alternative Uses
Best Use
Healthcare Medical
$293.8K
$257.1K – $342.8K
NOI $20,569 @ 7.0% cap · market cap 4.58%
Second Best
Office B
$290.8K
$254.4K – $339.2K
NOI $20,354 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$424.9K
$371.8K – $495.7K
NOI $29,743 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
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Business Placement
Demographics for 30265, GA
36,697
Population
15,331
Households
2.4
Avg Household Size
40
Median Age
40%
College-Educated
95%
High-School Grad
44.0 sq mi
ZIP Area
834
Density / Sq Mi
$104,446
Median Household Income
$55,349
Median Earnings
$1,623
Median Rent
$331,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned property with private offices, a kitchen, storage, and two bathrooms.
Where is this office building located?
The property is located at 2180 Highway 34 Newnan, GA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Approximately 1,520 SF office building with reception area, three private offices, kitchen, two bathrooms, and storage; Approximately 0.53 acres along Highway 34 in Newnan, GA; Approximately 30,000‑50,000 vehicles passing daily
