1115 Morrow RdMorrow, GA 30260

Property Details for 1115 Morrow Rd

Year built

1977

Lot size

0.72 AC

Property size (Sq ft)

11,340 SF

Zone code

C

Property type

Retail properties

Property subtype

Strip malls

APN

13-113B- D-001

APU

13113BD001

Description

This exceptional 22,000 square foot shopping center presents a compelling value-add investment opportunity in Morrow, Georgia. Located at 1115 Morrow Road, this multi-tenant property, currently vacant, offers six units within a single, two-story building constructed in 1977. The property sits on a 0.72-acre lot and includes 50 parking spaces, ensuring ample customer convenience. With a permitted NB zoning classification, the property benefits from excellent visibility, strategically positioned across from BC Haynie Elementary School. The asking price is $1,575,000, translating to $71.59 per square foot. While currently vacant, a pro-forma NOI of $252,356 projects a 16.02% cap rate, highlighting the significant potential for return on investment. Strong demographics within a three-mile radius, including a population of 76,237 residents with an average household income of $53,975, further support the property's investment potential. This property offers a rare chance to capitalize on a prime retail location in a thriving community. The property's size, location, and potential for significant rental income make it an attractive proposition for investors seeking a value-add opportunity in the Atlanta MSA. The property's address is 1115 Morrow Rd, Morrow, GA 30260. The Clayton County location and ample parking further enhance its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $2,120,298

  6.5%

  $1,957,199

  7%

  $1,817,399

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,574,190

  Geo Method

  $5,574,190

• Alternative Use

  Use

  Valuation

  Residential

  $1,650,970

  Hospitality

  $1,512,280

  Educational

  $1,258,199

  Medical

  $1,301,470

  Retail

  $1,957,199

Location Insight

City

Morrow

County

Clayton

State

Georgia

Latitude

33.5875

Longitude

-84.354

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].