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Property Location

254 N Main Street, Alpharetta GA 30009

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List Price $2,900,000

Units 1

Est. Cap Rate 0.2%

Est. Cash-on-Cash -23.1%

Price / Unit $2,900,000

Est. Year 1 Cash Flow $-167,659 after debt service

254 N Main Street Alpharetta, GA 30009

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

ATTENTION INVESTORS: Prime Downtown Alpharetta Redevelopment Opportunity. Unlock the potential of a remarkable commercial property located at 254 North Main Street, just blocks north of Downtown Alpharetta. Situated on 0.568 acres, this property is within the heart of the city’s Downtown Master Plan, and is designated as "mixed use - live work," offering unmatched opportunity for visionary developers and investors. This prime location is ideal for high-density residential projects, including condominiums, townhomes, or single-family homes. Whether you are looking to capitalize on the growing demand for upscale housing in this vibrant area or seeking to be part of Alpharetta's ongoing transformation, this property is a perfect canvas for your next development project. To maximize the development potential, this property is ideally sold in conjunction with the neighboring property at 264 North Main St., offering a combined total of 1.1 acres and enhanced opportunities for larger-scale residential development. Located in one of the most sought-after regions in North Fulton, this property boasts proximity to top-rated schools, parks, shopping, dining, and all the amenities that make Alpharetta a premier destination. With easy access to major highways and just minutes from downtown Alpharetta, this location is poised for exceptional growth. Don’t miss your chance to be part of Alpharetta’s bright future. Contact us today to learn more about this incredible redevelopment opportunity! FIVE UNIQUE EXIT STRATEGIES FOR 254 AND 264 MAIN STREET: CLUSTER/TOWNHOMES, DT-MU W/ COMMERCIAL, SF DETACHED, STACKED CONDOS OR TOWNHOMES. SEE ATTACHED PROPOSED SKETCH PLANS.

Investment Notes — Alpharetta

Located in the Alpharetta, GA area
Value-add opportunities typically exist through management, renovations, or operational improvements
Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
Actual cash flow depends on occupancy, expenses, financing, and current market conditions

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $2,900,000 Verified

Est. Cap Rate 0.21% Modeled

Est. Cash-on-Cash -23.13% Modeled

Est. Gross Income $13,603 Modeled

Est. NOI $5,985 Modeled

 Est. Year 1 Cash Flow  $-167,659  after debt service (25% down / 7% / 30-yr)  Modeled   

Price per Sq Ft $1,260 Verified

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. Pre-filled from Modeled Estimate. Override any value to model your own scenario.

Assumptions

Purchase Price List Price

Number of Units

Avg Rent / Unit / Month Modeled Estimate

Annual Gross Potential Income Editable

Modeled Estimate

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

51%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Alpharetta. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Review Further.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

Review Further

Jeff’s Investment Take

Further review recommended before moving forward.

Est. Cap0.2%

Est. CoC-23.1%

Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7555675 · Listing courtesy of Coldwell Banker Realty, Trish Hauser · 770-993-9200

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com

FMLS · Updated Daily

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