7453 Mcelroy DrRiverdale, GA 30296
- Investment properties
- 1,044 SF
For Sale
$347,619
View listing
Property Details for 7453 Mcelroy Dr
- Year built
- 1955
- Construction
- FRAME
- Lot size
- 0.92 AC
- Property size (Sq ft)
- 1,044 SF
- Zone code
- GB
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 13-183C- A-009
- APU
- 13183CA009
Description
This exceptional 0.92-acre commercial property, located at 7453 McElroy Drive in Riverdale, Georgia, presents a compelling investment opportunity for developers and investors. Boasting 39,988 square feet, this property is part of a larger 5.279-acre assemblage situated at the strategic intersection of GA Highway 85 and GA Highway 138. The current zoning is General Business (GB), allowing for a variety of permitted uses. The site's prime location offers excellent visibility and accessibility, making it ideal for a range of commercial ventures. This property is being offered as part of a larger parcel
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $154,648
- 6.5%
- $142,752
- 7%
- $132,555
-
Comparable approach
- Method
- Valuation
- Relative Method
- $207,716
- Geo Method
- $207,716
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $292,075
- Retail / Commercial
- $146,138
- Hospitality / Lodging
- $101,002
- Office
- $138,919
- Institutional / Educational
- $147,380
- Residential Income
- $172,435
- Multifamily
- $222,695
- Automotive / Energy
- $126,326
- Parking / Income-Based Land
- $46,424.60
- Restaurant / Food Service
- $68,131
- Healthcare / Senior Housing
- $149,328
Location Insight
- City
- Riverdale
- County
- Clayton
- State
- Georgia
- Latitude
- 33.5515
- Longitude
- -84.4163
- 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
$947
$24,000
$280
$24,280
-
$60,000
$700
$60,700
Comparable in this City
Similar Nearby for Sale
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