5480 Jonesboro RdLake City, GA 30260

  • Land
  • 0.65 AC
For Sale

Property Details for 5480 Jonesboro Rd

Lot size
0.65 AC
Zone code
C
Property type
Land
Property subtype
Commercial land
APN
12-176B- C-010
APU
12176BC010

Description

This exceptional 7.5-acre commercial property located at 5480 Jonesboro Road in Morrow, Georgia (zip code 30260), presents a unique investment opportunity. The site boasts four existing buildings totaling over 19,000 square feet of retail space, situated on a highly visible corner with frontage on Jonesboro Road. The property benefits from three separate entrances, ensuring convenient access for customers. All utilities, including water, are readily available. The current zoning is GB, but the owner is willing to sell subject to rezoning, opening up exciting possibilities for future development. With an impressive average annual daily traffic count exceeding 23,100 vehicles, this location offers unparalleled exposure. The substantial lot size allows for potential expansion, adding further acreage to the existing 7.5 acres. This property is ideal for investors seeking a redevelopment project with significant upside potential in a high-traffic area. The existing buildings provide immediate income potential while the land offers substantial long-term growth opportunities. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,141,256
    Hospitality
    $3,793,369
    Educational
    $3,156,038
    Medical
    $3,264,579
    Retail
    $4,909,393
5480 Jonesboro Rd, Lake City, Georgia

Location Insight

City
Lake City
County
Clayton
State
Georgia
Latitude
33.6061
Longitude
-84.3411
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
$331
$8,480
-
$8,480
-
$21,200
-
$21,200

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