112 Norcross StRoswell, GA 30075

Property Details for 112 Norcross St

Year built

1969

Construction

WOOD

Lot size

0.99 AC

Property size (Sq ft)

16,320 SF

Zone code

OPC

Property type

Retail properties

Property subtype

Retail space

APN

12 190204120749

APU

12190204120749

Description

This exceptional mixed-use property at 112 Norcross Street in Roswell, Georgia, presents a compelling redevelopment opportunity. Situated on a 0.9-acre lot in Fulton County (zip code 30075), this 15,000 square foot building offers significant potential for investors. The property, built in 1980 and renovated in 2020, boasts a two-story structure with a permitted DX zoning classification. Currently vacant with an occupancy date of June 30, 2024, this asset is priced at $4,000,000, translating to $266.67 per square foot. Its strategic location directly adjacent to the new Southern Post Mixed-Use development provides unparalleled access to the vibrant Roswell community. The property's mixed-use zoning allows for a variety of uses, including medical office, restaurant, and storefront spaces, catering to diverse business needs. This single-ownership property offers a unique chance to capitalize on the growth and dynamism of Roswell's thriving commercial sector. The existing structure provides a solid foundation for a creative vision, allowing for a seamless integration into the surrounding development. The property's size and zoning flexibility make it ideal for a range of redevelopment projects, promising substantial returns for the discerning investor.

• CAP approach

  CAP return

  Valuation

  6%

  $5,285,378

  6.5%

  $4,878,810

  7%

  $4,530,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,900,260

  Geo Method

  $2,524,338

• Alternative Use

  Use

  Valuation

  Residential

  $4,115,460

  Hospitality

  $3,769,739

  Educational

  $3,136,378

  Medical

  $3,244,243

  Retail

  $4,878,810

Location Insight

City

Roswell

County

Fulton

State

Georgia

Latitude

34.0261

Longitude

-84.3577

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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