Updated Commercial Space Near
2647 Old Hapeville Road SW Atlanta, GA 30315
For Sale
$209,900
SINGLE_FAMILY - Atlanta, GA
Property Size1,080 SF
Lot Size0.33 Acres
Price / SF$194.35
Days on Market115
Property Features for 2647 Old Hapeville Road SW
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C1C
- Parking
- 2
- Parking features
- Parking Lot
- Window features
- Insulated Windows
- Interior features
- Recessed Lighting, Restrooms
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 14 006900050129
- Size
- 1,080 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4091
Utilities
- Utilities
- Cable Available
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Asphalt
Listing Agency:
REMAX Around Atlanta
(404) 592-5750
Listed By:
CARSON PICKENS · License #176200
(404) 252-7500
Added: Apr 3
Changed: Jun 1
Last Checked: Jul 26 at 7:06PM
MLS# 7746732
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 commercial space is located on the corner of Cleveland Ave and Old Hapeville Road, a few blocks from I-75. The property is zoned C1C, which allows for small-scale, pedestrian-friendly commercial, retail, and service activities designed to serve the surrounding residential neighborhoods. The property size is 1080 square feet and the lot size is 0.3302 acres. Previously used as a single-family residence, the property has been completely updated, presenting an opportunity to own an affordable commercial space in Atlanta, GA.
Key Highlights
- Affordable commercial space opportunity.
- Zoned C1C for pedestrian‑friendly commercial, retail, and service activities.
- Conveniently located on the corner of Cleveland Ave and Old Hapeville Road, near I‑75.
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 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.9K
$264.2K – $352.2K
NOI $21,133 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Affordable commercial space near I-75, suitable for retail/office.
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 $209,900.
What are key features of this property?
This property features: Affordable commercial space opportunity.; Zoned C1C for pedestrian‑friendly commercial, retail, and service activities.; Conveniently located on the corner of Cleveland Ave and Old Hapeville Road, near I‑75.
