3050 Mansell RdAlpharetta, GA 30022

Property Details for 3050 Mansell Rd

Year built

1998

Lot size

0.95 AC

Property size (Sq ft)

9,966 SF

Zone code

C3

Property type

Retail properties

Property subtype

Retail space

APN

12 262006850342

APU

12262006850342

Description

This exceptional 7,000-square-foot commercial property, located at 3050 Mansell Road in Alpharetta, Georgia (zip code 30022), presents a unique investment opportunity. The building sits on a 0.952-acre lot and is zoned Ret. Its versatile design encompasses retail, office, and industrial uses, currently configured as a single-tenant space. The property features a combination of executive office and warehouse space, making it ideal for a variety of businesses. Currently, a portion of the building is leased to a restaurant, offering immediate income potential for an owner-occupant. The property's prime location in Alpharetta, near North Point Mall, ensures high visibility and accessibility. The building itself is well-maintained, minimizing immediate capital expenditure needs. While the property currently has no designated parking spaces, the ample lot size offers potential for future development. The property's Asset Parcel Number (APN) is 12 262006850342. This is a single-tenant building with no additional suites. This versatile property is perfect for an owner-occupant seeking a strategic location and a blend of office and warehouse space. Its proximity to North Point Mall provides excellent access to a large consumer base and significant foot traffic. The existing restaurant tenant provides a stable income stream, further enhancing the investment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,227,578

  6.5%

  $2,979,303

  7%

  $2,766,496

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,213,725

  Geo Method

  $1,541,517

• Alternative Use

  Use

  Valuation

  Residential

  $2,513,154

  Hospitality

  $2,302,035

  Educational

  $1,915,266

  Medical

  $1,981,135

  Retail

  $2,979,303

Location Insight

City

Alpharetta

County

Fulton

State

Georgia

Latitude

34.0379

Longitude

-84.2962

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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