$1,335,000
$1,395,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
1240 Sigman RD NW Conyers, GA 30012
12,000 SqFt
Key Details
Sold Price $1,335,000
Property Type Commercial
Sub Type Commercial,Mixed Use,Office,Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $111
Subdivision No Subdivision
MLS Listing ID 10707782
Sold Date 06/11/26
HOA Y/N No
Year Built 2008
Annual Tax Amount $1
Tax Year 2025
Lot Size 2.630 Acres
Acres 2.63
Lot Dimensions 2.63
Property Sub-Type Commercial,Mixed Use,Office,Retail
Source Georgia MLS 2
Property Description
NAI Brannen Goddard is pleased to present for your consideration Faith Plaza, a compelling opportunity to acquire a well-located 12,000 square foot neighborhood retail strip center positioned along one of Conyers' primary commercial corridors. The property benefits from excellent visibility, strong surrounding retail activity, and convenient access to Interstate 20, making it an attractive long-term investment with significant upside through lease rollover and rental rate growth. The center is currently 90% occupied with a diverse mix of local and service-oriented tenants that provide stable in-place cash flow while maintaining meaningful value-add upside. A majority of the in-place rents are below market, and a portion of the space is currently owner-occupied, further supporting future income growth potential. Notably, the paying tenant leases roll within the next 12-24 months, offering a clear and executable mark-to-market opportunity for new ownership to increase rental rates and drive NOI through proactive renewals and strategic re-leasing. Constructed in 2008, the property has been well maintained with a solid roof and functional HVAC systems, though some original units remain, presenting an opportunity for strategic, value-enhancing capital improvements that can further support tenant retention and leasing momentum. The center currently does not feature monument signage along Sigman Road NW, which creates a meaningful and highly visible value-add opportunity. The addition of a professionally designed monument sign along this high-traffic commercial corridor would materially enhance street presence, tenant visibility, and overall curb appeal, ultimately supporting stronger leasing activity and the ability to achieve higher market rents. The parking lot offers an additional cosmetic upside through resealing and restriping to further improve the asset's presentation and long-term competitiveness. The asset is currently operating below market income levels, positioning it as a true value-add investment rather than a fully stabilized strip center. As leases roll and rental rates are adjusted toward market levels, ownership has a clear path to materially increase NOI over a 24-36 month hold period without requiring major structural redevelopment. Faith Plaza is ideally suited for value-add investors, private capital, and 1031 exchange buyers seeking a suburban Atlanta retail asset with immediate income and significant upside through proactive leasing and asset management. For a property tour, please call Otis Rylee or Brock Wilson. PLEASE DO NOT DISTURB TENANTS!
Location
State GA
County Rockdale
Zoning BG-Business General
Rooms
Bedroom Description No
Interior
Heating Heat Pump, Zoned
Cooling Central Air, Zoned
Flooring Carpet, Concrete, Laminate, Tile
Fireplace No
Exterior
Parking Features Paved, Parking Lot
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Underground Utilities, Water Available
View Y/N No
Roof Type Metal
Garage No
Private Pool No
Building
Lot Description Level, Near Public Transit
Faces GPS friendly
Sewer Public Sewer
Water Public
Structure Type Brick,Concrete,Glass,Stucco
New Construction No
Others
Tax ID 0410010250
Acceptable Financing Cash, Conventional, Small Business Loan
Listing Terms Cash, Conventional, Small Business Loan
Special Listing Condition Resale
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