2635 Martin Luther King Junior Drive Southwest
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.
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.
- Property type
- Retail
- Building size
- 4,130 SF GLA
- Lot size
- 0.27 acres
- Year built
- 1950
- Occupancy
- 100%
- Zoning
- C2
- Cap rate
- 6.36%
- NOI
- $41,000