Mixed-Use Property with Signalized
For Sale
$870,000
2410 Metropolitan Parkway SW, Atlanta, GA 30315
High-density mixed-use designation supports redevelopment with retail and multifamily components at a prominent urban intersection.
Days on Market306
Property Features for 2410 Metropolitan Parkway SW
General Information
Standard status
Active
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$4,988
Building Details
Building Size
3,464 SF
Year Built
1950
Listing Agency:
Realty Associates of Atlanta, LLC.
(770) 545-9434
Listed By:
Chris Prevost
Source:
Evatlanta
Added: Oct 1, 2025
Changed: Aug 2
Last Checked: Aug 2 at 4:08AM
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 Realty Associates of Atlanta, LLC.
Investment Insights
Based on property information with market context.
This mixed-use property comprises 1.2+ acres with an approximately 3,500 SF building constructed in 1950. The site carries a high-density mixed-use designation supporting redevelopment with retail and multifamily components. The existing improvements were formerly used for taxi operations and auto repair.
The property occupies the signal-controlled intersection of Metropolitan Parkway and Pegg Road, with frontage on both roads. A 176-unit mixed-use apartment community is under construction one block away, while a newly built strip center with a gas station is located across the street. A Goodwill Donation Center and Atlanta Police precinct are also nearby. The site lies within a designated Tax Allocation District, which may provide access to City of Atlanta development incentives.
The property occupies the signal-controlled intersection of Metropolitan Parkway and Pegg Road, with frontage on both roads. A 176-unit mixed-use apartment community is under construction one block away, while a newly built strip center with a gas station is located across the street. A Goodwill Donation Center and Atlanta Police precinct are also nearby. The site lies within a designated Tax Allocation District, which may provide access to City of Atlanta development incentives.
Key Highlights
- 1.2+ acres with an approximately 3,500 SF building
- High‑density mixed‑use designation supports retail and multifamily redevelopment
- Signalized corner at Metropolitan Parkway and Pegg Road
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.8k | $21.60 |
| − Vacancy | −$7.5k | −$2.16 |
| EGI | $67.3k | $19.44 |
| − OpEx | −$25.3k | −$7.29 |
| NOI | $42.1k | $12.15 |
3,464 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$601.3K
$526.1K – $701.5K
NOI $42,088 @ 7.0% cap · market cap 4.84%
Second Best
Retail
$576.8K
$504.7K – $672.9K
NOI $40,373 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$968.3K
$847.3K – $1.13M
NOI $67,782 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
617
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
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High-density mixed-use designation supports redevelopment with retail and multifamily components at a prominent urban intersection.
Where is this mixed-use property located?
The property is located at 2410 Metropolitan Parkway SW Atlanta, GA.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: 1.2+ acres with an approximately 3,500 SF building; High‑density mixed‑use designation supports retail and multifamily redevelopment; Signalized corner at Metropolitan Parkway and Pegg Road
