7441 Mcelroy DrRiverdale, GA 30296

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

Mixed-use properties

Property subtype

Other investment properties

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

• CAP approach

  CAP return

  Valuation

  6%

  $165,352

  6.5%

  $152,633

  7%

  $141,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $253,578

  Geo Method

  $253,578

• Alternative Use

  Use

  Valuation

  Residential

  $189,265

  Hospitality

  $173,365

  Educational

  $144,238

  Medical

  $149,199

  Retail

  $224,370

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

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