237 Atlanta StMcDonough, GA 30253
- Retail properties
- 5,500 SF
Property Details for 237 Atlanta St
- Year built
- 1999
- Construction
- WOOD
- Lot size
- 1.65 AC
- Property size (Sq ft)
- 5,500 SF
- Zone code
- C1
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- M07-03001002
- APU
- M0703001002
Description
Parkview Plaza, located at 237 Atlanta Street in McDonough, Georgia, presents a compelling investment opportunity. This prime commercial property boasts a substantial 6,270 square-foot building situated on a 1.65-acre lot. The building is thoughtfully divided into five generously sized units, each conveniently equipped with its own bathroom. The property enjoys a highly desirable location less than a mile from the vibrant McDonough Square, ensuring excellent visibility and accessibility. Ample parking is available, catering to both tenants and their customers. Parkview Plaza benefits from a stable and reliable tenant base, with all units currently occupied by long-term tenants who have established themselves for six to eight years, providing a consistent and predictable income stream. This established occupancy history demonstrates the property's enduring appeal and market viability. The property's proximity to McDonough Square positions it perfectly to capitalize on the high foot traffic and strong local economy. This well-maintained commercial property represents a rare chance to acquire a significant asset in one of McDonough's most sought-after areas. The combination of location, size, and established tenancy makes this an exceptional investment opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,028,364
- 6.5%
- $949,259
- 7%
- $881,454
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,703,532
- Geo Method
- $2,703,532
-
Alternative Use
- Use
- Valuation
- Residential
- $800,735
- Hospitality
- $733,469
- Educational
- $610,238
- Medical
- $631,225
- Retail
- $949,259
Location Insight
- City
- Mcdonough
- County
- Henry
- State
- Georgia
- Latitude
- 33.4559
- Longitude
- -84.1511
- 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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