USDA-Approved Cold Storage
For Sale
Contact for pricing
748 Donald Lee Hollowell Pkwy NW, Atlanta, GA 30318
Existing refrigerated facility with food-service, distribution, and refrigeration use supported by USDA and FDA approvals.
Property Size11,563 SF
Price / SF$259.45
Days on Market247
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Property Features for 748 Donald Lee Hollowell Pkwy NW
General Information
Standard status
Active
Size
11,563 SF
Class
C
Property subtype
Industrial, Mixed Use, Retail
Zoning
SPI-3
Additional Details
Cold Storage
Yes
Building Details
Year Built
1949
Listing Agency:
Atlanta Leasing & Investment
Listed By:
Dave Aynes · License #GA317811
(404) 348-4448
Source:
Crexi
Added: Feb 10
Changed: Oct 6
Last Checked: Oct 14 at 11:36PM
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 Atlanta Leasing & Investment
Investment Insights
Based on property information with market context.
This refrigerated and cold-storage property includes an existing facility constructed in 1949. The building measures 11,563 square feet and is approved by the USDA and FDA for food service, distribution, and refrigeration operations. SPI-3 zoning supports industrial, commercial, and mixed-use development, subject to applicable requirements.
The property is located at 748 Donald Lee Hollowell Pkwy NW in Atlanta, near Echo Street West, Westside Park, and Mercedes-Benz Stadium. It also has access to the Westside BeltLine Connector, which is under construction.
The zoning framework allows development of up to 142,000 square feet with affordable housing bonuses. The stated use options include continued cold storage, food production, retail, mixed-use commercial and live/work space, and creative flex or studio operations.
The property is located at 748 Donald Lee Hollowell Pkwy NW in Atlanta, near Echo Street West, Westside Park, and Mercedes-Benz Stadium. It also has access to the Westside BeltLine Connector, which is under construction.
The zoning framework allows development of up to 142,000 square feet with affordable housing bonuses. The stated use options include continued cold storage, food production, retail, mixed-use commercial and live/work space, and creative flex or studio operations.
Key Highlights
- 11,563‑square‑foot refrigerated and cold‑storage facility
- USDA and FDA approved for food service, distribution, and refrigeration use
- SPI‑3 zoning allows industrial, commercial, and mixed‑use development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,101
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,122,020
$3.1M
Cap Rate 7%
$2,230,014
$2.2M
Cap Rate 9%
$1,734,456
$1.7M
Market Conditions
NOI Build-Up for 11,563 SF
Gross rent
$277.5K $24.00/SF
− Vacancy
−$27.8K −$2.40/SF
EGI
$249.8K $21.60/SF
− OpEx
−$93.7K −$8.10/SF
NOI
$156.1K $13.50/SF
Area
ZIP 30318
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,122,020
Cap Rate 7%
$2,230,014
Cap Rate 9%
$1,734,456
Alternative Uses
Best Use
Mixed Use
$2.23M
$1.95M – $2.60M
NOI $156,101 @ 7.0% cap · market cap 5.20%
Second Best
Flex RnD
$2.11M
$1.85M – $2.46M
NOI $147,734 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,261 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,383
Businesses Nearby
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Business Placement
Demographics for 30318, GA
60,392
Population
29,993
Households
2
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
20.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$79,222
Median Household Income
$53,455
Median Earnings
$1,702
Median Rent
$395,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Atlanta, GA
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Existing refrigerated facility with food-service, distribution, and refrigeration use supported by USDA and FDA approvals.
Where is this refrigerated & cold storage located?
The property is located at 748 Donald Lee Hollowell Pkwy NW Atlanta, GA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 11,563‑square‑foot refrigerated and cold‑storage facility; USDA and FDA approved for food service, distribution, and refrigeration use; SPI‑3 zoning allows industrial, commercial, and mixed‑use development
