Renovated Office Building with
2954 N Expressway Griffin, GA 30223
COMMERCIAL - Griffin, GA
Type:Office
Property size:
4,800 SFLot size:
0.72 AcresPrice / SF:
$156/SF- Added:
- Jan 15, 2024
- Days on Market:
- 906
- Last Refresh:
- Jul 9 at 11:06 pm
Property Features for 2954 N Expressway
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Security features
- Security
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 242B01005T
- Size
- 4,800 SF
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 5220
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1993
- Flooring type
- Laminate, Carpet, Tile
- Building materials
- Stucco, Vinyl Siding, Wood Siding
Listing agent Mary Ann Wells (678) 544-7353
Listing office Benham Realty Group 1022 Waverly Drive, GRIFFIN, GA (678) 688-4246
Listing date Jan 15, 2024
MLS# 10740940
Copyright © 2026 Georgia Multiple Listing Service. 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 well-maintained office building offers 4,800 square feet and was recently renovated. The space is configured with multiple offices, a large reception room, a conference room, a kitchen area, and a break room. In addition to the main office’s full bath, there is a hall bath and a dedicated storage room, supporting day-to-day operations for a range of office-based businesses.
The building has entrances on 19/41 and Old Atlanta Rd and sits on a 0.72-acre lot. It is accessed by paved parking in front of the building. The listing also notes over 30,000 car count per day, and the property is located next to Southern Pit Barbeque.
For tenants or buyers, the interior room mix can support organizations that need both private offices and shared meeting and welcome space. The presence of restrooms, a conference room, and common-use areas makes it workable for offices looking to relocate into a turn-key, renovated facility. The seller would also consider a monthly lease option, depending on terms.
The building has entrances on 19/41 and Old Atlanta Rd and sits on a 0.72-acre lot. It is accessed by paved parking in front of the building. The listing also notes over 30,000 car count per day, and the property is located next to Southern Pit Barbeque.
For tenants or buyers, the interior room mix can support organizations that need both private offices and shared meeting and welcome space. The presence of restrooms, a conference room, and common-use areas makes it workable for offices looking to relocate into a turn-key, renovated facility. The seller would also consider a monthly lease option, depending on terms.
Key Highlights
- 4800 sq ft commercial building in North Griffin, built in 1993
- Entrance on 19/41 and Old Atlanta Rd; location next to Southern Pit Barbeque
- Recently renovated layout with multiple offices plus large reception room
Local Financial Insights For Office B
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 | $114.6k | $23.87 |
| − Vacancy | −$28.9k | −$6.02 |
| EGI | $85.7k | $17.85 |
| − OpEx | −$21.4k | −$4.46 |
| NOI | $64.3k | $13.39 |
4,800 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$918.2K
$803.5K – $1.07M
NOI $64,277 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,349 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Renovated 4,800 SF office building with paved parking and multiple rooms suited for professional use.
Where is this office building located?
The property is located at 2954 N Expressway Griffin, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 4800 sq ft commercial building in North Griffin, built in 1993; Entrance on 19/41 and Old Atlanta Rd; location next to Southern Pit Barbeque; Recently renovated layout with multiple offices plus large reception room
