Salon Suite Portfolio with Two
5610 Old National Highway College Park, GA 30349
5610 Old National Highway, College Park, GA, 30349
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For Sale
Contact for pricing
Two single-story salon suite properties offer stabilized, income-producing space with active tenants and on-site parking.
Property Size7,153 SF
Lot Size1.11 Acres
Price / SF$181.04
Days on Market32
Property Features for 5610 Old National Highway
General Information
- Standard status
- Active
- Size
- 7,153 SF
- Lot size
- 1.11 Acres
- Property subtype
- Retail
Listing agency
KW Commercial First Atlanta
(404) 531-5700
Listed by
Angie Ponsell · License #238030
Source
Crexi
Added: Jun 22 Updated: Jul 23 at 12:12AM Checked: Jul 23 at 12:12AM
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 KW Commercial First Atlanta
Investment Insights
Based on property information with market context.
This two-property salon suite portfolio includes approximately 7,153 square feet across two single-story buildings on a combined 1.11 acres. The properties are fully built out and operated as salon suites, with suite-based layouts and existing leases; the Macon location is offered with a five-year owner leaseback, while the Metro Atlanta location has active tenants in place.
The portfolio provides strong roadway visibility and convenient access with ample on-site parking. The Macon asset at 4849 Mercer University Drive totals approximately 3,136 square feet on 0.33 acres along a highly visible commercial corridor, and benefits from approximately 21,700 vehicles per day and frontage along Mercer University Drive. The Metro Atlanta asset at 5610 Old National Highway in College Park totals approximately 4,017 square feet on 0.78 acres and includes a flexible suite configuration, an additional office space that may be converted into a suite, and a double suite arrangement designed to support leasing flexibility.
Existing salon suite leases and operating businesses convey with the sale, supporting immediate income and operational continuity for a new owner.
The portfolio provides strong roadway visibility and convenient access with ample on-site parking. The Macon asset at 4849 Mercer University Drive totals approximately 3,136 square feet on 0.33 acres along a highly visible commercial corridor, and benefits from approximately 21,700 vehicles per day and frontage along Mercer University Drive. The Metro Atlanta asset at 5610 Old National Highway in College Park totals approximately 4,017 square feet on 0.78 acres and includes a flexible suite configuration, an additional office space that may be converted into a suite, and a double suite arrangement designed to support leasing flexibility.
Existing salon suite leases and operating businesses convey with the sale, supporting immediate income and operational continuity for a new owner.
Key Highlights
- Portfolio of two single‑story salon suite properties totaling approx. 7,153 SF on a combined 1.11 acres with ample on‑site parking.
- Macon asset at 4849 Mercer University Dr: approx. 3,136 SF on 0.33 acres; fully built out as salon suites and offered with a five‑year owner leaseback.
- Macon location features approx. 21,700 vehicles per day and strong frontage along Mercer University Drive.
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 | $128.8k | $18.00 |
| − Vacancy | −$9.7k | −$1.35 |
| EGI | $119.1k | $16.65 |
| − OpEx | −$35.7k | −$5.00 |
| NOI | $83.4k | $11.66 |
7,153 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,368 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,599 @ 7.0% cap · market cap 10.86%
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 - Two single-story salon suite properties offer stabilized, income-producing space with active tenants and on-site parking.
Where is this retail space located?
The property is located at 5610 Old National Highway College Park, GA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Portfolio of two single‑story salon suite properties totaling approx. 7,153 SF on a combined 1.11 acres with ample on‑site parking.; Macon asset at 4849 Mercer University Dr: approx. 3,136 SF on 0.33 acres; fully built out as salon suites and offered with a five‑year owner leaseback.; Macon location features approx. 21,700 vehicles per day and strong frontage along Mercer University Drive.
