3480 Mount Zion RdStockbridge, GA 30281
- Retail properties
- 20,087 SF
Property Details for 3480 Mount Zion Rd
- Year built
- 2001
- Lot size
- 2.42 AC
- Property size (Sq ft)
- 20,087 SF
- Zone code
- GB
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 12-073D- B-009
- APU
- 12073DB009
Description
This exceptional 20,087 square foot retail storefront in Stockbridge, GA (Atlanta MSA), presents a compelling re-tenanting or redevelopment opportunity. Located at 3480 Mt Zion Rd, this single-story, 2001-built property sits on a substantial 2.42-acre lot zoned for General Business District use. Currently 100% occupied with a lease expiring November 2024, the property offers a 6.53% cap rate and a strong NOI of $225,599. The asking price is $3,450,000 ($171.75/sq ft). Its prime location boasts high visibility and accessibility, fronting Mt Zion Rd (13,260+ VPD) and adjacent to Lake Spivey Parkway (28,500+ VPD), with close proximity to I-75 (133,000+ VPD) and I-675 (60,000+ VPD). The surrounding area features recently completed residential developments adding 600+ units, indicating strong potential for future growth. This property offers significant residual value due to its size, flexible zoning, and strategic location within a dense retail corridor, serving a population of 133,000+ within a 5-mile radius with an average household income exceeding $74,000. The property's flexible zoning allows for a multitude of uses, ensuring resilience and adaptability in the dynamic commercial landscape. This is a rare chance to acquire a high-potential retail asset in a thriving market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,755,770
- 6.5%
- $3,466,865
- 7%
- $3,219,232
-
Comparable approach
- Method
- Valuation
- Relative Method
- $9,873,789
- Geo Method
- $9,873,789
-
Alternative Use
- Use
- Valuation
- Residential
- $2,924,430
- Hospitality
- $2,678,762
- Educational
- $2,228,699
- Medical
- $2,305,347
- Retail
- $3,466,865
Location Insight
- City
- Stockbridge
- County
- Clayton
- State
- Georgia
- Latitude
- 33.5508
- Longitude
- -84.2763
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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