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Holmes Plaza 2457 Martin Luther King Jr Dr NW

15,600 SF 100% Leased Retail Building Atlanta, GA 30311 £3,116,550 (£200/SF) 7.79% Net Initial Yield

Investment Highlights

  • 15,600 SF Retail Strip Center
  • High Traffic Location with 31,000 VPD
  • Prime Atlanta MSA area
  • 100% Occupied with Stable Tenants
  • Short walk to Marta

Executive Summary

Holmes Plaza represents a fully-occupied retail investment opportunity in Atlanta, Georgia. The 15,600 square foot strip center has 7 suites and 76 parking spaces (4.87/1000 sf) There is a value added opportunity to upgrade existing local yet stable tenant base with national tenants paying market rates. The location has high traffic,excellent visibility, easy access, and is convenient to the I20/Holmes Drive interchange just 6 miles west of downtown Atlanta. The Hamilton E Holmes Marta station is approximately 400 feet west of the center.
The center benefits from high vehicle and pedestrian traffic.

Attachments

Holmes Plaza OM
Holmes Plaza Flyer

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
15,600 SF
Building Class
B
Year Built
2005
Price
£3,116,550
Price Per SF
£200
Net Initial Yield
7.79%
NOI
£242,656
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.18
Land Acres
2.00 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C3 - Commercial
Parking
76 Spaces (4.87 Spaces per 1,000 SF Leased)
Frontage
350 ft on Martin Luther King Jr
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Transit Score ®
Excellent Transit (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 14-0205-0002-034-1 Improvements Assessment £612,068
Land Assessment £572,410 Total Assessment £1,184,478

PROPERTY TAXES

Parcel Number
14-0205-0002-034-1
Land Assessment
£572,410
Improvements Assessment
£612,068
Total Assessment
£1,184,478
(770) 289-2792

  • Listing ID: 33534628

  • Date on Market: 16/10/2024

  • Last Updated:

  • Address: 2457 Martin Luther King Jr Dr NW, Atlanta, GA 30311

The Retail Property at 2457 Martin Luther King Jr Dr NW, Atlanta, GA 30311 is currently available For Sale. Contact SVN - Interstate Brokers & Auctioneers for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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2457 Martin Luther King Jr Dr NW, Atlanta, GA for sale Primary Photo- Image 1 of 10
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2457 Martin Luther King Jr Dr NW, Atlanta, GA for sale Building Photo- Image 4 of 10
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© 2024 CoStar Group

Holmes Plaza | 2457 Martin Luther King Jr Dr NW
(770) 289-2792 x

Holmes Plaza | 2457 Martin Luther King Jr Dr NW

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Tom Hunter

(770) 289-2792

(770) 289-2792

John Johnson

(404) 303-1232

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