For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Former Bank Building with Parking Title is generated by Realmo AI

    591 Valley Hill Road Sw Riverdale, Riverdale, GA 30274

    View on Map
    Claim this Listing
    New
    For Sale
    $950,000

    Former bank structure with substantial on-site parking, offering flexible options for office, medical, retail, or service use.

    Property size:
    4,034 SF
    Price / SF:
    $235/SF
    Added:
    Jul 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jul 5 at 3:02 am

    Property Features for 591 Valley Hill Road Sw Riverdale

    General Information

    Standard status
    Active
    Size
    4,034 SF

    Building Details

    Year Built
    1980

    We can help!

    Contact an agent
    Daley Porter

    Listing office

    Listing date Jul 1, 2026

    Source Thesoldsquad

    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 Daley Porter

    HighLights

    • 0.99‑acre city lot on a paved parking lot with drive‑through parking features
    • Total building area of 4,034 SF with an existing former bank structure of approximately 3,063 SF
    • Heating and air conditioning available
    • Public water service; level lot near public transit
    • Less than 1/2 mile from Georgia Hwy 85 for commuter exposure and easy access to south metro Atlanta

    Overview

    This property is an existing former bank structure totaling approximately 3,063 square feet, complemented by substantial on-site parking. The building’s configuration supports a range of adaptive reuse possibilities, including financial services and professional or service-oriented uses, subject to applicable municipal approvals.

    The site is positioned along a growing commercial corridor in Riverdale and sits less than one-half mile from Georgia Hwy 85. The location provides convenient access to the south metro Atlanta market and is described as being near Hartsfield-Jackson Atlanta International Airport.

    For an owner-user, investor, or developer, the combination of a ready-to-adapt bank building and parking can support tenants seeking a straightforward footprint for office, medical office, professional suites, or certain retail and service concepts. Any redevelopment or change of use would require confirmation of permitted uses and approvals through the appropriate local authorities.

    Local Financial Insights For Specialty 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 $92.9k $23.04
    − Vacancy −$6.5k −$1.61
    EGI $86.4k $21.43
    − OpEx −$21.6k −$5.36
    NOI $64.8k $16.07
    4,034 SF · lease $23.04/SF/yr · vacancy 7.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $926.1K
    $810.4K – $1.08M (±1% cap)
    NOI $64,828 @ 7.0% cap · market cap 6.82%
    Second Best
    Healthcare Medical
    $835.6K
    $731.1K – $974.8K (±1% cap)
    NOI $58,489 @ 7.0% cap · market cap 6.16%
    Theoretical Best
    Office A
    $1.13M
    $986.7K – $1.32M (±1% cap)
    NOI $78,936 @ 7.0% cap · market cap 8.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Building Supply Dental Office Kitchen & Bath Showroom Gym & Fitness Center Garden Center Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverdale
    County
    Clayton
    State
    Georgia
    Longitude
    -84.4095688
    Latitude
    33.5726998

    FAQs

    What type of property is this?
    Bank - Former bank structure with substantial on-site parking, offering flexible options for office, medical, retail, or service use.
    Where is this bank located?
    The property is located at 591 Valley Hill Road Sw Riverdale Riverdale, GA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 0.99‑acre city lot on a paved parking lot with drive‑through parking features; Total building area of 4,034 SF with an existing former bank structure of approximately 3,063 SF; Heating and air conditioning available
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message