7441 Mcelroy DrRiverdale, GA 30296
- Investment properties
- 1,300 SF
For Sale
$347,619
View listing
Property Details for 7441 Mcelroy Dr
- Year built
- 1951
- Construction
- FRAME
- Lot size
- 0.92 AC
- Property size (Sq ft)
- 1,300 SF
- Zone code
- GB
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 13-183C- A-010
- APU
- 13183CA010
Description
This exceptional 0.92-acre commercial property at 7441 McElroy Drive, Riverdale, GA, presents a compelling investment opportunity for developers and investors. Strategically located at the intersection of GA Highway 85 and GA Highway 138, this parcel is part of a larger 5.279-acre assemblage (including properties at 7471, 7423, and 7453 McElroy Road – see separate listings). The entire assemblage is zoned GB, allowing for permitted businesses (a list of permitted uses is available upon request). This property is not available for separate sale
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $192,569
- 6.5%
- $177,756
- 7%
- $165,059
-
Comparable approach
- Method
- Valuation
- Relative Method
- $258,650
- Geo Method
- $258,650
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $363,695
- Retail / Commercial
- $181,973
- Hospitality / Lodging
- $125,769
- Office
- $172,984
- Institutional / Educational
- $183,520
- Residential Income
- $214,718
- Multifamily
- $277,302
- Automotive / Energy
- $157,303
- Parking / Income-Based Land
- $57,808.40
- Restaurant / Food Service
- $84,837.40
- Healthcare / Senior Housing
- $185,945
Location Insight
- City
- Riverdale
- County
- Clayton
- State
- Georgia
- Latitude
- 33.5518
- 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
$557
$24,000
$280
$24,280
-
$60,000
$700
$60,700
Comparable in this City
Similar Nearby for Sale
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].