41,800 SF Redevelopment Opportunity | Atlanta MSA | 7.6 AC

Highlights:

• ±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.
• Strong Surrounding Demographics: Population exceeding 175,000 within 5 miles with continued growth in South Metro Atlanta housing demand.

Description:

Ri Marketplace Online Auction December 8th-10th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2906/41-800-sf-redevelopment-opportunity-atlanta-msa-7.6-ac?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2906

Matthews is pleased to present a premier redevelopment opportunity at 274 Hwy 138 SW, a ±7.6-acre infill site strategically located in Riverdale, GA, within the rapidly growing Atlanta MSA. This flat, well-shaped parcel benefits from high visibility along GA-138—one of South Atlanta’s busiest commercial corridors—and offers direct access to major transportation arteries, including I-75, I-285, and I-85. Positioned less than 10 miles from Hartsfield-Jackson Atlanta International Airport, the site is ideally suited for a wide range of development uses including multifamily, townhomes, warehouse, self-storage, or truck parking. The property features an existing ±41,800-square-foot structure, formerly a 16-screen movie theater, offering potential for adaptive reuse or cost-effective demolition. Zoned NC (Neighborhood Commercial), the site supports a flexible mix of commercial and residential redevelopment strategies. With over 500 existing parking spaces, multiple curb cuts, and utility infrastructure in place, the parcel is vacant and ready for immediate development.

Surrounding demographics further bolster the site's investment appeal, with a population exceeding 175,000 within a five-mile radius and ongoing demand for housing and services in South Metro Atlanta. The rarity of a site of this scale, zoning versatility, and strategic location provides investors, developers, and end-users with multiple exit strategies and long-term potential in a supply-constrained submarket.


Lamar P. Fisher
Fisher Auction Company Inc.
License: AUNR003157
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: