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2635-2637 Martin Luther King Jr Dr SW 4,130 SF 100% Leased Retail Building Atlanta, GA 30311 $645,000 ($156.17/SF) 6.36% Cap Rate
Investment Highlights
- Value-Add Opportunity: Significant upside potential through renovation and lease stabilization.
- Established Tenancy: Long-term tenants provide immediate income, offering flexibility for new ownership.
- Attractive Entry Price: Offered at a competitive price per square foot, allowing for substantial equity growth post-repositioning.
- Strategic Location: High-traffic corridor on MLK Jr Drive SW with excellent visibility.
- Strong Market Fundamentals: Located in a growing Atlanta retail market with healthy demand and rent growth.
Executive Summary
Presenting a compelling value-add investment opportunity at 2635-2637 MLK Jr Drive SW, Atlanta, GA 30311. The property, a 4,130 square foot retail building on a 0.28-acre lot, is strategically located in a high-traffic corridor with significant redevelopment potential. While the building is currently in poor condition, it offers substantial upside through renovation and lease stabilization. With a current Net Operating Income (NOI) of approximately $41,040 and a listing price of $645,000, this asset provides an attractive entry point for investors seeking to capitalize on Atlanta's dynamic retail market.
Property Facts
Sale Type
Investment
Property Type
Building Size
4,130 SF
Building Class
C
Year Built/Renovated
1950/2007
Price
$645,000
Price Per SF
$156.17
Cap Rate
6.36%
NOI
$41,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
C2
Frontage
159’ on Martin Luther King Jr Dr
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dependable Tax Professionals
- Professional, Scientific, and Technical Services
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dependable Tax Professionals | Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $119,720 | |
| Land Assessment | $82,400 | Total Assessment | $202,120 |
Property Taxes
Parcel Numbers
Land Assessment
$82,400
Improvements Assessment
$119,720
Total Assessment
$202,120
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2635-2637 Martin Luther King Jr Dr SW
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