5370 Jonesboro RdMorrow, GA 30260

Property Details for 5370 Jonesboro Rd

Year built

1983

Lot size

11.49 AC

Property size (Sq ft)

80,778 SF

Zone code

C

Property type

Retail properties

Property subtype

Community centers

APN

12-177D- A-011

APU

12177DA011

Description

Lake City Marketplace, located at 5370 Jonesboro Road in Morrow, Georgia, presents a significant investment opportunity in a thriving commercial area. This expansive property encompasses a substantial 11.49 acres and boasts an impressive 500,502 square feet of general commercial space. The property is currently configured as a shopping center, offering considerable potential for a variety of retail uses. Its prime location on Jonesboro Road ensures high visibility and accessibility, attracting a large volume of foot traffic and vehicular traffic. The substantial size of the property allows for significant expansion or redevelopment opportunities, catering to a wide range of business needs. Investors will appreciate the scale of this offering, providing a substantial return on investment. The property's existing infrastructure and established location make it an attractive proposition for both experienced developers and those seeking a turnkey commercial investment. Detailed financial information and property specifics are available upon request. This is a rare opportunity to acquire a large-scale commercial property in a high-growth area of Morrow, Georgia. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $15,103,481

  6.5%

  $13,941,675

  7%

  $12,945,841

• Comparable approach

  Method

  Valuation

  Relative Method

  $39,706,524

  Geo Method

  $39,706,524

• Alternative Use

  Use

  Valuation

  Residential

  $11,760,324

  Hospitality

  $10,772,394

  Educational

  $8,962,505

  Medical

  $9,270,740

  Retail

  $13,941,675

Location Insight

City

Morrow

County

Clayton

State

Georgia

Latitude

33.6088

Longitude

-84.3436

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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