For Sale
$1,575,000

1115 Morrow RdMorrow, GA 30260

22,000 SF Value-Add Opportunity in GA

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 22,000 square foot shopping center presents a compelling value-add investment opportunity in Morrow, Georgia. Located at 1115 Morrow Road, this multi-tenant property, currently vacant, offers six units within a single, two-story building constructed in 1977. The property sits on a 0.72-acre lot and includes 50 parking spaces, ensuring ample customer convenience. With a permitted NB zoning classification, the property benefits from excellent visibility, strategically positioned across from BC Haynie Elementary School. The asking price is $1,575,000, translating to $71.59 per square foot. While currently vacant, a pro-forma NOI of $252,356 projects a 16.02% cap rate, highlighting the significant potential for return on investment. Strong demographics within a three-mile radius, including a population of 76,237 residents with an average household income of $53,975, further support the property's investment potential. This property offers a rare chance to capitalize on a prime retail location in a thriving community. The property's size, location, and potential for significant rental income make it an attractive proposition for investors seeking a value-add opportunity in the Atlanta MSA. The property's address is 1115 Morrow Rd, Morrow, GA 30260. The Clayton County location and ample parking further enhance its appeal.

Highlights

  • High-traffic shopping center directly across from BC Haynie Elementary School.
  • Excellent visibility and high exposure for businesses.
  • Convenient access and prime retail space opportunity.
  • Strong signage ensures high brand visibility and customer awareness.
  • Dense population (76,237 residents) with average household income of $53,975 within a 3-mile radius.

Property Details for 1115 Morrow Rd

Property type
Lifestyle centers, Power centers
Square Feet
22,000 SF
Class
C
Year Built
1977
Buildings
1
Stories
2
Lot Size (sq. ft)
31,363 SF
Units
6

Location Insight

City
Morrow
County
Clayton
State
Georgia
Latitude
33.587694300189
Longitude
-84.354115835635
1115 Morrow Rd, Morrow, Georgia

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1115 Morrow Rd
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