2803 Highway 138Jonesboro, GA 30236

Property Details for 2803 Highway 138

Year built

1982

Construction

BRICK

Lot size

2.30 AC

Property size (Sq ft)

3,516 SF

Zone code

MCD

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

12-043A- A-010

APU

12043AA010

Description

This exceptional 2.3-acre commercial property in Jonesboro, GA, presents a unique investment opportunity. The 6,400 square foot property boasts a well-maintained home and inviting pool, adding to its versatility. Its prime location and C-4 zoning unlock a wide range of possibilities. Envision a thriving assisted living facility, catering to the area's growing senior population, or a modern medical office complex meeting the increasing demand for healthcare services. The expansive, level lot is also perfectly suited for a mixed-use development, seamlessly blending residential, retail, and office spaces. The existing structures provide a solid foundation for immediate use or potential renovation, while the ample land allows for significant expansion. This property offers unparalleled flexibility and high potential for return on investment. The property's address is 2803 Hwy 138, Jonesboro, GA. Prospective buyers are advised to independently verify zoning regulations with the local authorities and explore potential rezoning options with the city planning department to fully understand the development possibilities. The asking price is $1,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $447,214

  6.5%

  $412,813

  7%

  $383,326

• Comparable approach

  Method

  Valuation

  Relative Method

  $685,831

  Geo Method

  $685,831

• Alternative Use

  Use

  Valuation

  Residential

  $511,888

  Hospitality

  $468,887

  Educational

  $390,108

  Medical

  $403,525

  Retail

  $606,835

Location Insight

City

Jonesboro

County

Clayton

State

Georgia

Latitude

33.5408

Longitude

-84.2999

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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