Listed by eXp Commercial
$645,000
2635 Martin Luther King Junior Drive Southwest
Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 4,130
Units 4
Cap Rate 6.36%
NOI $41,000
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.43%
Pro-Forma NOI $74,000
Price per SqFt $156
Year Built 1950
Year Renovated 2007
Acreage 0.270
Zoning C2
Investment Type Value Add
Ground Lease No
Retail | 6.36% CAP | 4,130 SqFt
Marketing description
This Offering presents 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.
Investment highlights
- Value-Add Opportunity: Significant upside potential through renovation and lease stabilization.
- Strategic Location: High-traffic corridor on MLK Jr Drive SW with excellent visibility.
- Established Tenancy: Long-term tenants provide immediate income, offering flexibility for new ownership.
- Strong Market Fundamentals: Located in a growing Atlanta retail market with healthy demand and rent growth.
- Attractive Entry Price: Offered at a competitive price per square foot, allowing for substantial equity growth post-repositioning.
Listing Contacts
Listed by eXp Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$41,000.00
$3,416.67/mo
Valuation Metrics
0
DSCR
6.36%
Cap Rate
6.36%
ROI
Map
Zoning
C-2 CommercialSpecial CommercialCommercial Service District
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View all 57 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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