2721 Highway 138Jonesboro, GA 30236
- Specialty properties
- 8,400 SF
Property Details for 2721 Highway 138
- Year built
- 1990
- Lot size
- 1.79 AC
- Property size (Sq ft)
- 8,400 SF
- Zone code
- MCD
- Property type
- Specialty properties
- Property subtype
- Day care centers & nurseries
- APN
- 12-043A- A-005
- APU
- 12043AA005
Description
This exceptional commercial property, located at 2721 Highway 138 E in Jonesboro, Georgia, presents a unique investment opportunity. The property encompasses a substantial 19,870 square feet of space distributed across six separate buildings situated on a generous 2.62-acre lot. Its prime location in the desirable Lake Spivey area makes it exceptionally well-suited for a variety of uses, particularly a private or charter school or a large daycare center. The existing buildings offer ample room for classrooms, administrative offices, and other necessary facilities. The property also includes an added amenity: an inground swimming pool. While some minor cosmetic improvements are recommended, the property is largely ready for immediate occupancy and operation. The asking price for this expansive commercial property is $2,400,000. Given its size, location, and potential, this property represents a significant opportunity for a discerning investor seeking a substantial return. The ample acreage provides ample parking and potential for future expansion. Serious inquiries are encouraged to explore this exceptional commercial real estate offering. The property's current condition is sound, requiring only minor upgrades to achieve optimal functionality. This is a rare opportunity to acquire a large-scale commercial property in a highly sought-after location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,044,390
- 6.5%
- $964,052
- 7%
- $895,191
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,884,280
- Geo Method
- $1,884,280
-
Alternative Use
- Use
- Valuation
- Residential
- $1,222,941
- Hospitality
- $1,120,207
- Educational
- $931,999
- Medical
- $964,052
- Retail
- $1,449,777
Location Insight
- City
- Jonesboro
- County
- Clayton
- State
- Georgia
- Latitude
- 33.5396
- Longitude
- -84.3024
- 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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