Salon Suite Retail
5610 Old National Hwy College Park, GA 30349
New
5610 Old National Hwy, College Park, GA, 30349
$895,000
For Sale
$895,000
Single-story commercial building with 11 salon suite units and an additional office space on a high-visibility highway corridor.
Property Size4,017 SF
Lot Size0.78 Acres
Price / SF$222.80
Days on Market3
Property Features for 5610 Old National Hwy
General Information
- Standard status
- Active
- Size
- 4,017 SF
- Lot size
- 0.78 Acres
Building Details
- Year Built
- 1980
Listing agency
Keller Williams Realty First Atlanta
(404) 531-5700
Listed by
Angie Ponsell · License #248030,GA
Source
Harmonandharmon
Added: Jul 20 Updated: Jul 21 at 11:02PM Checked: Jul 22 at 4:51AM
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 First Atlanta
Investment Insights
Based on property information with market context.
5610 Old National Hwy is a single-story commercial building on a 0.78-acre lot, originally constructed in 1980. The property is currently operating as salon suites and is configured with 11 individual units plus one additional office space that can be converted into a suite. A double suite (#9 & #10) is located on the right side of the staff area, creating expanded usable space and additional leasing flexibility.
The building offers strong frontage and visibility along Old National Highway, with ample on-site parking for tenant and customer accessibility. The property is situated in an established commercial corridor serving College Park, South Fulton, and the greater Atlanta area.
Leases and operating businesses are in place, and the sale is described as turnkey with active salon suite tenants. The multi-suite setup is intended to provide diversified income across multiple tenants while maintaining a functional layout suitable for continued salon suite use or potential repositioning for professional office, medical, service, or creative workspace use.
The building offers strong frontage and visibility along Old National Highway, with ample on-site parking for tenant and customer accessibility. The property is situated in an established commercial corridor serving College Park, South Fulton, and the greater Atlanta area.
Leases and operating businesses are in place, and the sale is described as turnkey with active salon suite tenants. The multi-suite setup is intended to provide diversified income across multiple tenants while maintaining a functional layout suitable for continued salon suite use or potential repositioning for professional office, medical, service, or creative workspace use.
Key Highlights
- Single‑story commercial building built in 1980 totaling approx. 4,017 SF
- Configured with 11 salon suite units plus 1 additional office space that can be converted into a suite
- Double suite (#9 & #10) on the right side of the staff area adds expanded usable space
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 | $72.3k | $18.00 |
| − Vacancy | −$5.4k | −$1.35 |
| EGI | $66.9k | $16.65 |
| − OpEx | −$20.1k | −$5.00 |
| NOI | $46.8k | $11.66 |
4,017 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$668.8K
$585.2K – $780.3K
NOI $46,818 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$987.0K – $1.32M
NOI $78,958 @ 7.0% cap · market cap 8.82%
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 - Single-story commercial building with 11 salon suite units and an additional office space on a high-visibility highway corridor.
Where is this retail space located?
The property is located at 5610 Old National Hwy College Park, GA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Single‑story commercial building built in 1980 totaling approx. 4,017 SF; Configured with 11 salon suite units plus 1 additional office space that can be converted into a suite; Double suite (#9 & #10) on the right side of the staff area adds expanded usable space
