1367 Highway 138Riverdale, GA 30296

Property Details for 1367 Highway 138

Year built

1960

Construction

BRICK

Lot size

1.27 AC

Property size (Sq ft)

2,546 SF

Zone code

GB

Property type

Investment properties

Property subtype

Live-work space

APN

13-185C- B-008

APU

13185CB008

Description

This exceptional commercial property presents a unique investment opportunity in Riverdale, Georgia. Situated on a prominent corner lot totaling 1.27 acres, this offering includes three individual lots and two existing buildings, providing significant flexibility for a variety of commercial uses. The property's strategic location on Highway 138 ensures high visibility and accessibility, making it ideal for businesses seeking maximum exposure. The C-3 zoning allows for a wide range of commercial activities, enhancing the property's versatility and potential. The seller is open to exploring both lease and lease-purchase options, offering considerable adaptability to suit diverse financial strategies. This presents a rare chance to acquire a substantial commercial property in a thriving location with the potential for immediate income generation or long-term development. The ample space and strategic positioning make this an attractive proposition for entrepreneurs and investors alike. The property's size and zoning provide a solid foundation for a variety of business ventures, from retail to service-based operations. The flexibility offered by the seller's willingness to consider lease or lease-purchase agreements further enhances the appeal of this exceptional opportunity. Don't miss this chance to secure a prime commercial property in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $323,836

  6.5%

  $298,925

  7%

  $277,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $496,623

  Geo Method

  $496,623

• Alternative Use

  Use

  Valuation

  Residential

  $370,668

  Hospitality

  $339,530

  Educational

  $282,485

  Medical

  $292,200

  Retail

  $439,420

Location Insight

City

Riverdale

County

Clayton

State

Georgia

Latitude

33.5512

Longitude

-84.4346

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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