3480 Mount Zion RdStockbridge, GA 30281

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 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.

• 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

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