237 Atlanta StMcDonough, GA 30253

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

Strip malls

Property subtype

Neighborhood centers

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.

• 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

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