Warehouse with Theater
For Sale
$5,000,000
274 Highway 138 SW, Riverdale, GA 30274
Commercial Sale, Riverdale, GA
Property Size41,800 SF
Lot Size7.60 Acres
Price / SF$119.62
Days on Market32
Property Features for 274 Highway 138 SW
General Information
Property type
Residential
Property subtype
Retail
Zoning
NC
Parking
528
Parking features
Parking Lot
Window features
Insulated Windows
Interior features
High Ceilings 10 or Greater, Reception Area, Restrooms
Accessibility
Accessible Approach with Ramp
Lot features
Level, Shopping Center
View
City
Directions
Use google maps
Standard status
Active
APN
13213A A006
Size
41,800 SF
Lot size
7.60 Acres
Additional Details
Property Use
Warehouse
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
68613
Utilities
Utilities
Cable Available
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1986
Floors in Building
1
Flooring type
Carpet
Building materials
Frame
Roof type
Metal
Additional Structures
Other
Listing Agency:
Homesmart Realty Partners · HomeSmart International
(404) 419-1004
Listed By:
Anhad Chawla · License #443303
(678) 999-6311
Added: Oct 1
Changed: Oct 23
Last Checked: Nov 1 at 7:06AM
MLS# 7847734
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.
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Investment Insights
Based on property information with market context.
This 41,800-square-foot warehouse building occupies 7.6 acres and was originally built in 1986 as a movie theater with 16 screens and auditoriums. The property is zoned NC and is described as adaptable for movie studio, warehouse, or office use. Interior features include a reception area, restrooms, and ceilings at least 10 feet high; the building also has central heating and air conditioning, carpet flooring, a metal roof, and a parking lot.
The site is approximately 9 miles from Hartsfield-Jackson Atlanta International Airport. Access and viewings are not permitted, and the current occupant should not be disturbed.
The site is approximately 9 miles from Hartsfield-Jackson Atlanta International Airport. Access and viewings are not permitted, and the current occupant should not be disturbed.
Key Highlights
- 41,800‑square‑foot building on 7.6 acres
- Originally constructed in 1986 as a 16‑screen movie theater
- NC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$306,847
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,136,940
$6.1M
Cap Rate 7%
$4,383,529
$4.4M
Cap Rate 9%
$3,409,411
$3.4M
Market Conditions
NOI Build-Up for 41,800 SF
Gross rent
$396.3K $9.48/SF
− Vacancy
−$35.3K −$0.84/SF
EGI
$361.0K $8.64/SF
− OpEx
−$54.1K −$1.30/SF
NOI
$306.8K $7.34/SF
Area
Clayton County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,136,940
Cap Rate 7%
$4,383,529
Cap Rate 9%
$3,409,411
Alternative Uses
Best Use
Warehouse
$4.38M
$3.84M – $5.11M
NOI $306,847 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.68M
$10.22M – $13.63M
NOI $817,929 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30274, GA
34,537
Population
14,299
Households
2.4
Avg Household Size
34
Median Age
21%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
3,386
Density / Sq Mi
$50,455
Median Household Income
$33,141
Median Earnings
$1,241
Median Rent
$157,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- SecurCare Self Storage — 53 GA-138, Riverdale, GA 30274
- Life Storage — 303 GA-138, Riverdale, GA 30274
- Freeway Self Storage — 722 ga-138, riverdale, ga 30274
Frequently Asked Questions
What type of property is this?
Warehouse - The former theater’s 16-auditorium configuration supports movie studio, warehouse, or office use.
Where is this warehouse located?
The property is located at 274 Highway 138 SW Riverdale, GA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 41,800‑square‑foot building on 7.6 acres; Originally constructed in 1986 as a 16‑screen movie theater; NC zoning
