This exceptional retail outparcel, situated on 0.72 acres at 2918 Turner Hill Road in Stonecrest, Georgia (zip code 30038), presents a unique investment opportunity within the Atlanta MSA. The property is classified as commercial retail with multiple tenancy potential. The total building square footage is currently listed as 1 square foot, indicating a potential for new construction or redevelopment. The expansive 0.72-acre lot provides ample space for a variety of retail uses. Its prime location on Turner Hill Road ensures high visibility and accessibility for potential customers. The property is located in DeKalb County, Georgia, offering access to a robust local market and strong infrastructure. This is an ideal site for entrepreneurs seeking to establish a new business or for investors looking to add a high-value asset to their portfolio. The property's size and location make it suitable for a range of retail concepts, from small shops to larger establishments. Further development plans can be tailored to meet specific business needs, maximizing the potential of this strategically positioned outparcel. The property's address is easily accessible and benefits from excellent visibility. This is a rare opportunity to acquire a well-situated retail property in a thriving market.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$15,484,863
6.5%
$14,293,720
7%
$13,272,740
Comparable approach
Method
Valuation
Relative Method
$24,098,790
Geo Method
$24,098,790
Alternative Use
Use
Valuation
Residential
$12,057,287
Hospitality
$11,044,410
Educational
$9,188,820
Medical
$9,504,837
Retail
$14,293,720
Location Insight
City
Lithonia
County
Dekalb
State
Georgia
Latitude
33.698
Longitude
-84.0867
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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