2400 Highway 138Fayetteville, GA 30214
- Retail properties
- 12,362 SF
Property Details for 2400 Highway 138
- Year built
- 2003
- Construction
- FRAME
- Lot size
- 2.90 AC
- Property size (Sq ft)
- 12,362 SF
- Zone code
- C CC
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
- APN
- 1306 018
- APU
- 1306018
Description
This exceptional 6,500 square foot commercial property, located at 2400 Highway 138 SW in Fayetteville, Georgia (zip code 30214), presents a unique investment opportunity. The building, constructed in 2003, is a single-story structure with a total of four suites. Currently, 1,600 square feet of versatile space is immediately available, previously used as a dance studio. This space is easily adaptable for various uses, including office space, retail, a gym, or a studio. An additional 1,400 contiguous square feet is also available for lease, offering a total of 3,000 contiguous square feet. The property boasts ample parking with 40 spaces and sits on a 2.9-acre lot, zoned C3. The building's location at the intersection of Highways 314 and 138 ensures high visibility and foot traffic, benefiting from its proximity to a thriving shopping center anchored by a Texaco/Subway/Convenience Store. The property is classified as Class C and features a floor area ratio (FAR) of 0.08. This prime location in the Fayette/Coweta County submarket (South Atlanta cluster) offers excellent potential for businesses seeking a high-traffic, easily accessible location. Minimum divisible space is 1,400 square feet. The property's APN is 1306 018.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,311,387
- 6.5%
- $2,133,588
- 7%
- $1,981,189
-
Comparable approach
- Method
- Valuation
- Relative Method
- $6,076,556
- Geo Method
- $6,076,556
-
Alternative Use
- Use
- Valuation
- Residential
- $1,799,762
- Hospitality
- $1,648,572
- Educational
- $1,371,592
- Medical
- $1,418,764
- Retail
- $2,133,588
Location Insight
- City
- Fayetteville
- County
- Fayette
- State
- Georgia
- Latitude
- 33.5503
- Longitude
- -84.4497
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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