Corner Retail/Service
2647 Old Hapeville Road SW Atlanta, GA 30315
2647 Old Hapeville Road SW, Atlanta, GA, 30315
$224,900
For Sale
$224,900
Corner commercial space offers updated interior in a C1C district allowing small-scale retail and service uses.
Property Size1,080 SF
Price / SF$208.24
Days on Market120
Property Features for 2647 Old Hapeville Road SW
General Information
- Standard status
- Active
- Size
- 1,080 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1955
Listing agency
REMAX Around Atlanta
(404) 384-6963
Listed by
Carson Pickens · License #176200
(404) 384-6963
Source
Xome
Added: Mar 26 Updated: Jul 22 at 3:32PM Checked: Jul 22 at 3:32PM
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 REMAX Around Atlanta
Investment Insights
Based on property information with market context.
This property is a corner commercial space that has been completely updated after previously being used as a single-family residence. It is configured for retail or service activity consistent with its zoning, and presents as an affordable option for ownership.
The site is located on the corner of Cleveland Ave and Old Hapeville Road SW, just a few blocks from I-75. Zoning is C1C, which permits small-scale, pedestrian-friendly commercial, retail, and service activities intended to serve surrounding residential neighborhoods.
Buyers seeking a compact storefront-style space should review the C1C zoning requirements and allowed uses for their specific plans.
The site is located on the corner of Cleveland Ave and Old Hapeville Road SW, just a few blocks from I-75. Zoning is C1C, which permits small-scale, pedestrian-friendly commercial, retail, and service activities intended to serve surrounding residential neighborhoods.
Buyers seeking a compact storefront-style space should review the C1C zoning requirements and allowed uses for their specific plans.
Key Highlights
- Corner commercial space on Cleveland Ave and Old Hapeville Road, just a few blocks from I‑75
- Zoned C1C for small‑scale, pedestrian‑friendly commercial, retail, and service uses serving nearby residential neighborhoods
- Completely updated interior; previously used as a single‑family residence
Local 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 | $19.4k | $18.00 |
| − Vacancy | −$1.5k | −$1.35 |
| EGI | $18.0k | $16.65 |
| − OpEx | −$5.4k | −$5.00 |
| NOI | $12.6k | $11.66 |
1,080 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$179.8K
$157.3K – $209.8K
NOI $12,587 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.9K
$264.2K – $352.2K
NOI $21,133 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Corner commercial space offers updated interior in a C1C district allowing small-scale retail and service uses.
Where is this retail space located?
The property is located at 2647 Old Hapeville Road SW Atlanta, GA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Corner commercial space on Cleveland Ave and Old Hapeville Road, just a few blocks from I‑75; Zoned C1C for small‑scale, pedestrian‑friendly commercial, retail, and service uses serving nearby residential neighborhoods; Completely updated interior; previously used as a single‑family residence
