2721 Highway 138Jonesboro, GA 30236

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,210,890

  6.5%

  $1,117,740

  7%

  $1,037,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,638,500

  Geo Method

  $1,638,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,350,030

  Retail / Commercial

  $1,175,830

  Mixed-Use / Specialty

  $1,148,580

  Hospitality / Lodging

  $812,659

  Office

  $1,117,740

  Institutional / Educational

  $1,185,820

  Residential Income

  $1,387,410

  Multifamily

  $1,791,800

  Automotive / Energy

  $1,016,420

  Parking / Income-Based Land

  $373,531

  Restaurant / Food Service

  $548,180

  Healthcare / Senior Housing

  $1,201,490

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

FAQs

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