855 Highway 138Riverdale, GA 30296

Property Details for 855 Highway 138

Year built

1947

Construction

FRAME

Lot size

0.40 AC

Property size (Sq ft)

720 SF

Zone code

MX

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

13-183C- A-003

APU

13183CA003

Description

This exceptional 0.4-acre commercial lot, located at 855 Highway 138 SW in Riverdale, Georgia, presents a remarkable investment opportunity. Situated in a thriving area surrounded by established businesses and multi-family residential properties, this property boasts exceptional visibility and high traffic counts, making it ideal for a variety of commercial ventures. The versatile zoning allows for a wide range of development possibilities, including restaurants, fast-food establishments, gas stations, convenience stores, or car washes. The strategic location ensures easy access for customers and employees alike, capitalizing on the significant foot and vehicle traffic generated by the surrounding residential and commercial activity. This property offers significant potential for substantial returns on investment, given its prime location and the diverse range of suitable commercial uses. The land is ready for immediate development, presenting a unique chance to establish a successful business in a high-demand area. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial property. The asking price is $85,000. Don't miss this opportunity to secure a prime piece of commercial real estate in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $91,580

  6.5%

  $84,535

  7%

  $78,497

• Comparable approach

  Method

  Valuation

  Relative Method

  $140,443

  Geo Method

  $140,443

• Alternative Use

  Use

  Valuation

  Residential

  $104,824

  Hospitality

  $96,018

  Educational

  $79,886

  Medical

  $82,633

  Retail

  $124,267

Location Insight

City

Riverdale

County

Clayton

State

Georgia

Latitude

33.5507

Longitude

-84.4181

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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