2721 Highway 138Jonesboro, GA 30236

  • Specialty properties
  • 8,400 SF
For Sale
$2,400,000 View listing

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
2721 Highway 138, Jonesboro, Georgia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$22,791
$62,040
$516,960
$579,000
-
$155,100
$1,292,400
$1,447,500

FAQs

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