2.26-Acre Infill Site in Atlanta

199 Turman Ave SE, Atlanta, GA 30315

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For Sale

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2.26-acre infill site with redevelopment potential in Southeast Atlanta.

Type:Industrial, Special Purpose

Property size:

16,407 SF

Lot size:

2.26 Acres

Price / SF:

$152/SF

HighLights

2.26‑acre infill site in Atlanta's growth corridor.
Flexible PD‑H and R4‑A zoning allows for multifamily, senior housing, education, creative office, or mixed‑use development.
Existing 16,400± SF single‑story structure provides immediate value‑add reuse opportunity.
Boasts 500 feet of street frontage.
Surrounded by major infrastructure, residential redevelopment, and strong institutional anchors.
Nearly half the site is undeveloped, offering long‑term development potential.

We can help!

Listing Contact

Denine Attride

For Sale

Contact for pricing

2.26-acre infill site with redevelopment potential in Southeast Atlanta.

Type:Industrial, Special Purpose

Property size:

16,407 SF

Lot size:

2.26 Acres

Price / SF:

$152/SF

Added:: Jan 6, 2023
Days on Market:: 1262
Last Refresh:: May 12 at 11:39 pm

Property Features for 199 Turman Ave SE

General Information

Standard status: Active
Size: 16,407 SF
Lot size: 2.26 Acres
Property subtype: Industrial, Special Purpose

Building Details

Year Built: 1955

We can help!

Listing Contact

Denine Attride

Listing agent Denine Attride License #260153

Listing office Berkshire Hathaway HomeServices Georgia Properties

Listing date Jan 6, 2023

Source Crexi

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 Berkshire Hathaway HomeServices Georgia Properties

HighLights

2.26‑acre infill site in Atlanta's growth corridor.
Flexible PD‑H and R4‑A zoning allows for multifamily, senior housing, education, creative office, or mixed‑use development.
Existing 16,400± SF single‑story structure provides immediate value‑add reuse opportunity.
Boasts 500 feet of street frontage.
Surrounded by major infrastructure, residential redevelopment, and strong institutional anchors.
Nearly half the site is undeveloped, offering long‑term development potential.

Overview

The property at 199 Turman Avenue SE is a 2.26-acre infill site featuring an existing 16,400 square foot single-story structure and 500 feet of street frontage. Located in Southeast Atlanta's growth corridor, the property benefits from proximity to major infrastructure, residential redevelopment, and institutional anchors. The site is zoned PD-H and R4-A, supporting institutional and residential uses. Potential uses include multifamily infill, senior housing, education, creative office, or mixed-use repositioning. With approximately half of the site undeveloped, the property offers both immediate value-add reuse opportunities and long-term development potential.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$391.6k	$23.87
− Vacancy	−$98.7k	−$6.02
EGI	$292.9k	$17.85
− OpEx	−$73.2k	−$4.46
NOI	$219.7k	$13.39

16,407 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.14M

$2.75M – $3.66M (±1% cap)

NOI $219,707 @ 7.0% cap · market cap 8.79%

Second Best

Mixed Use

$2.85M

$2.49M – $3.32M (±1% cap)

NOI $199,345 @ 7.0% cap · market cap 7.97%

Theoretical Best

Office A

$4.59M

$4.01M – $5.35M (±1% cap)

NOI $321,047 @ 7.0% cap · market cap 12.84%

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

Property Profile Location Intelligence

Current Use by Public Records

Salvation Word of Life ... Church Allstate Homeowners Insurance Construction Company

Suggested Use

Location Insight

Map
Local Demand

City: Atlanta
County: Cobb
State: Georgia
Longitude: -84.3822739
Latitude: 33.7082598

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For sale
Commercial land
GA
Atlanta
30315
199 Turman Ave SE

What type of property is this?

Commercial land - 2.26-acre infill site with redevelopment potential in Southeast Atlanta.

Where is this commercial land located?

The property is located at 199 Turman Ave SE Atlanta, GA.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: 2.26‑acre infill site in Atlanta's growth corridor.; Flexible PD‑H and R4‑A zoning allows for multifamily, senior housing, education, creative office, or mixed‑use development.; Existing 16,400± SF single‑story structure provides immediate value‑add reuse opportunity.