3480 Mount Zion RdStockbridge, GA 30281

  • Retail properties
  • 20,087 SF
For Sale
$3,450,000 View listing

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
3480 Mount Zion Rd, Stockbridge, Georgia

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

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
$35,264
$168,800
$735,120
$903,920
-
$422,000
$1,837,800
$2,259,800

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