2106 Mcgee RdSnellville, GA 30078

Property Details for 2106 Mcgee Rd

Year built

2000

Construction

WOOD

Lot size

2.97 AC

Property size (Sq ft)

14,670 SF

Zone code

OP-OFFICE PROFESSIONAL

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

5-008 -003A

APU

5008003A

Description

This exceptional 42-unit senior living facility, located at 2106 Mc Gee Rd SW in Snellville, Georgia, presents a compelling investment opportunity. The property, totaling 20,178 square feet, underwent a complete renovation in 2023, offering modern amenities and updated infrastructure. Situated on a spacious 3-acre lot, the single-story building boasts 42 beds, providing ample capacity for residents. The asking price is $4,225,000, translating to a price per square foot of $209.39. This property is ideally suited for a 1031 exchange, making it an attractive option for investors seeking tax-advantaged real estate transactions. The property's recent renovation ensures immediate occupancy and strong potential for rental income. Its prime location in Snellville, Gwinnett County (zip code 30078), offers convenient access to local amenities and services. This is a turnkey operation ready for a new owner to step in and manage a thriving senior care business. The property's size and features make it a highly desirable asset in the competitive senior living market. This is a rare opportunity to acquire a well-maintained, recently renovated facility with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,733,573

  6.5%

  $2,523,298

  7%

  $2,343,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,916,476

  Geo Method

  $1,916,476

• Alternative Use

  Use

  Valuation

  Residential

  $3,200,910

  Hospitality

  $2,932,016

  Educational

  $2,439,403

  Medical

  $2,523,298

  Retail

  $3,794,627

Location Insight

City

Snellville

County

Gwinnett

State

Georgia

Latitude

33.8578

Longitude

-84.0332

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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