Two-Building Retail and Automotive
2667 Donald Lee Hollowell Pkwy Atlanta, GA 30318
New
2667 Donald Lee Hollowell Pkwy, Atlanta, GA, 30318
$999,900
For Sale
$999,900
Two buildings include three occupied retail spaces and a renovated 4-bay automotive garage building on a half-acre site.
Property Size5,600 SF
Lot Size0.50 Acres
Price / SF$178.55
Days on Market3
Property Features for 2667 Donald Lee Hollowell Pkwy
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Lot size
- 0.50 Acres
Building Details
- Year Built
- 1988
Listing agency
Keller Williams Realty Buckhead
(410) 703-5448
Listed by
Keith Sharp · License #176306
Source
Harmonandharmon
Added: Jul 21 Updated: Jul 22 at 11:49AM Checked: Jul 22 at 11:49AM
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 Keller Williams Realty Buckhead
Investment Insights
Based on property information with market context.
This two-building commercial property offers a mix of stabilized retail income and renovated automotive space. Building #1 includes three retail spaces with stable tenants within a 2,700 SF retail structure, providing immediate occupancy. Building #2 is a renovated automotive building with a 4-bay garage; it is 2,900 SF and currently vacant.
The property sits on a half-acre parcel and is zoned MRC-2 (Mixed Residential and Commercial), which allows up to 3.149 FAR, including up to 38,000 SF residential and 64,000 SF non-residential depending on use and parking requirements. The site is located across from the historic Collier Heights neighborhood, near ongoing redevelopment in Carey Park and Almond Park, and directly adjacent to the $64 million Bowen Homes Redevelopment Site, with major activity at the Jackson Parkway and Hamilton Holmes intersection. The Hollowell Parkway corridor is described as poised for redevelopment, including the “Hollowell Innovation District” and nearby mixed-use activity along the corridor.
Showings are arranged by appointment; please do not disturb tenants.
The property sits on a half-acre parcel and is zoned MRC-2 (Mixed Residential and Commercial), which allows up to 3.149 FAR, including up to 38,000 SF residential and 64,000 SF non-residential depending on use and parking requirements. The site is located across from the historic Collier Heights neighborhood, near ongoing redevelopment in Carey Park and Almond Park, and directly adjacent to the $64 million Bowen Homes Redevelopment Site, with major activity at the Jackson Parkway and Hamilton Holmes intersection. The Hollowell Parkway corridor is described as poised for redevelopment, including the “Hollowell Innovation District” and nearby mixed-use activity along the corridor.
Showings are arranged by appointment; please do not disturb tenants.
Key Highlights
- Two‑building commercial property on a 0.5‑acre parcel (built in 1988).
- Building #1: 2,700 SF retail building with 3 occupied retail spaces and stable tenants.
- Building #2: 2,900 SF vacant renovated automotive building with a 4‑bay garage.
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 | $123.0k | $21.96 |
| − Vacancy | −$10.5k | −$1.87 |
| EGI | $112.5k | $20.09 |
| − OpEx | −$33.8k | −$6.03 |
| NOI | $78.8k | $14.07 |
5,600 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.13M
$984.6K – $1.31M
NOI $78,766 @ 7.0% cap · market cap 7.88%
Second Best
Industrial
$447.4K
$391.5K – $522.0K
NOI $31,317 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,579 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nuradio Station
Radio Station
K &K Tax ...
Accounting Firm
Sleep Station
Furniture & Home Goods
Devine Auto
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two buildings include three occupied retail spaces and a renovated 4-bay automotive garage building on a half-acre site.
Where is this retail space located?
The property is located at 2667 Donald Lee Hollowell Pkwy Atlanta, GA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Two‑building commercial property on a 0.5‑acre parcel (built in 1988).; Building #1: 2,700 SF retail building with 3 occupied retail spaces and stable tenants.; Building #2: 2,900 SF vacant renovated automotive building with a 4‑bay garage.
