237 Atlanta StMcDonough, GA 30253

  • Retail properties
  • 5,500 SF
For Sale
$849,000 View listing

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
237 Atlanta St, McDonough, Georgia

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

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
$8,258
$114,840
$97,880
$212,720
-
$287,100
$244,700
$531,800

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