7471 Mcelroy DrRiverdale, GA 30296

Property Details for 7471 Mcelroy Dr

Year built

1948

Construction

FRAME

Lot size

1.84 AC

Property size (Sq ft)

868 SF

Zone code

GB

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

13-183C- A-008

APU

13183CA008

Description

This exceptional 1.84-acre commercial property, located at 7471 McElroy Drive in Riverdale, Georgia, presents a compelling investment opportunity for developers and investors. Situated at the strategic intersection of GA Highway 85 and GA Highway 138, this parcel is part of a larger 5.279-acre assemblage (including properties at 7423, 7471, and 7453 McElroy Road – see separate listings). The property is zoned GB (General Business), allowing for a range of permitted commercial uses. The current zoning supports residential townhome development, making this a highly versatile site with significant potential for future growth. The expansive acreage offers ample space for a substantial project. Note that this property is being sold as part of the larger 5.279-acre assemblage and will not be subdivided for separate sale. The asking price for this 1.84-acre parcel is $750,000. This prime location and flexible zoning make this an exceptional opportunity for those seeking a high-impact commercial development project in a rapidly growing area. Detailed zoning information and permitted business uses are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $110,404

  6.5%

  $101,912

  7%

  $94,632

• Comparable approach

  Method

  Valuation

  Relative Method

  $169,312

  Geo Method

  $169,312

• Alternative Use

  Use

  Valuation

  Residential

  $126,371

  Hospitality

  $115,755

  Educational

  $96,307

  Medical

  $99,619

  Retail

  $149,810

Location Insight

City

Riverdale

County

Clayton

State

Georgia

Latitude

33.5511

Longitude

-84.4163

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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