Corner Redevelopment Lot with
For Sale
$870,000
2410 Metropolitan Parkway SW, Atlanta, GA 30315
SINGLE_FAMILY - Atlanta, GA
Property Size3,464 SF
Lot Size1.21 Acres
Price / SF$251.15
Days on Market304
Property Features for 2410 Metropolitan Parkway SW
General Information
Property type
Residential
Property subtype
Retail
Zoning
MRC-2
Parking
50
Parking features
Parking Lot
Window features
Aluminum Frames
Interior features
Restrooms
Fencing
Chain Link
Lot features
Corner Lot, Level
View
City
Directions
85 South to Metropolitan Pkwy exit, turn right, Property on Right at the corner of Pegg Rd.
Standard status
Active
APN
14 009200010017
Size
3,464 SF
Lot size
1.21 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4988
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Built-Up
Listing Agency:
Realty Associates of Atlanta, LLC.
(404) 235-8900
Listed By:
Chris Prevost
(770) 545-9434
Added: Oct 1, 2025
Changed: Jul 29
Last Checked: Jul 31 at 6:06PM
MLS# 7659631
Copyright © 2026 First Multiple Listing Service, Inc. 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.
This redevelopment corner property includes approximately 1.2+ acres and an existing building of about 3,500 SF, previously used as a taxi business and auto repair facility. The property is zoned MRC-2 and is described as suitable for mixed-use redevelopment with multi-family and retail.
The site fronts a signalized corner on Metropolitan Parkway SW and Pegg Road. The surrounding area is actively developing, including a new 176-unit mixed-use apartment community under construction about one block away and a newly built strip center with a gas station directly across the street. Nearby uses referenced in the listing include a Goodwill Donation Center and an Atlanta Police precinct.
The property is located within a designated Tax Allocation District (TAD), which the listing notes may provide development incentives through the City of Atlanta.
The site fronts a signalized corner on Metropolitan Parkway SW and Pegg Road. The surrounding area is actively developing, including a new 176-unit mixed-use apartment community under construction about one block away and a newly built strip center with a gas station directly across the street. Nearby uses referenced in the listing include a Goodwill Donation Center and an Atlanta Police precinct.
The property is located within a designated Tax Allocation District (TAD), which the listing notes may provide development incentives through the City of Atlanta.
Key Highlights
- 1.2+ acre corner lot at Metropolitan Pkwy & Pegg Rd (signalized intersection)
- Approx. 3,500 SF building with restrooms
- Block construction with concrete flooring and built‑up roof
Financial Insights For Retail
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 | $62.4k | $18.00 |
| − Vacancy | −$4.7k | −$1.35 |
| EGI | $57.7k | $16.65 |
| − OpEx | −$17.3k | −$5.00 |
| NOI | $40.4k | $11.66 |
3,464 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$576.8K
$504.7K – $672.9K
NOI $40,373 @ 7.0% cap · market cap 4.64%
Second Best
Industrial
$285.7K
$250.0K – $333.4K
NOI $20,002 @ 7.0% cap · market cap 2.30%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Well-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pitstop Auto Repair — 2767 Metropolitan Pkwy SW, Atlanta, GA 30315
- ATM (Chevron) — 757 Cleveland Ave SW B, Atlanta, GA 30315
- Auto Concepts Collision & Cycl — 2765 Metropolitan Pkwy SW, Atlanta, GA 30315
- T&D Auto Repair & Body Shop — 2659 Sylvan Rd, East Point, GA 30344
- Alan auto repair — 2784 Metropolitan Pkwy SW, Atlanta, GA 30315
Frequently Asked Questions
What type of property is this?
Auto shop - 1.2+ acre corner site with a former auto repair/taxi building zoned for mixed-use redevelopment.
Where is this auto shop 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+ acre corner lot at Metropolitan Pkwy & Pegg Rd (signalized intersection); Approx. 3,500 SF building with restrooms; Block construction with concrete flooring and built‑up roof
