Matthews Logo

Navigation Menu

274 Hwy 138 SW, Riverdale, GA, 30274

Redevelopment Opportunity for Auction
Starting Bid: $500,000

Key Information

Type
Retail
Leasable Area
41,800

Highlights

  • Bid Dates: December 9th – 11th, 2025
  • Auction Sale – December 11th, 2025: Opportunity to acquire a large infill site in the Atlanta MSA; reserve price undisclosed.
  • ±7.6 Acre Redevelopment Opportunity: Flat, well-shaped parcel ideal for a range of uses including townhomes, multifamily, warehouse, self-storage, or truck parking.
  • Existing ±41,800 SF Structure on Site: Former 16-screen theater provides optional adaptive reuse potential or cost-effective demolition footprint.
  • Strategic Metro-Atlanta Location: Situated along GA-138, less than 10 miles from Hartsfield-Jackson Atlanta International Airport and minutes from I-75, I-285, and I-85.
  • High Visibility & Access: Frontage along one of South Atlanta’s busiest commercial corridors connecting Riverdale, Jonesboro, and Fayetteville.
  • Zoned NC (Neighborhood Commercial): Allows for a broad mix of commercial and residential redevelopment uses—ideal for flexible buyer creativity.
  • Vacant & Ready for Immediate Development: No lease encumbrances; clean slate for end-user, developer, or value-add investor.
  • Strong Surrounding Demographics: Population exceeding 175,000 within 5 miles with continued growth in South Metro Atlanta housing demand.
  • Large Parking Field / Improved Infrastructure: Over 500 existing parking spaces, multiple curb cuts, and established utility connections in place.
  • Rare Scale Within Suburban Atlanta: Few comparable sites of this size and accessibility remain in the Riverdale submarket.
  • Multiple Exit Strategies: Suitable for land banking, redevelopment, or adaptive reuse across several high-demand property types.
  • Appraised Value: $5,621,200
  • Assessed Value: $2,248,480

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203