2550 Parks Mill RdBuckhead, GA 30625

  • Retail properties
  • 2,887 SF
For Sale
$1,300,000 View listing

Property Details for 2550 Parks Mill Rd

Year built
1965
Lot size
1.00 AC
Property size (Sq ft)
2,887 SF
Zone code
C2
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
058 027 E
APU
058027E

Description

This exceptional commercial property at 2550 Parks Mill Road, Buckhead, Georgia, presents a unique investment opportunity. The 2,887 square foot building houses a profitable convenience store, gas station, and cafe, strategically located on a high-traffic corner lot at the intersection of Parks Mill Road and Blue Springs Drive. Situated on a full acre of land, the property offers significant potential for expansion, per zoning regulations. The sale includes the land, building, existing inventory, most equipment (excluding leased equipment requiring return or a new lease agreement), furniture, and an additional outside storage building. The business enjoys strong community support, contributing to its established success. Note that a separate boat storage business at 1020 Blue Springs Road is also available for purchase. This turnkey operation provides immediate income generation and a solid foundation for future growth. Showings are by appointment only. The asking price is $1,300,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $744,782
    6.5%
    $687,491
    7%
    $638,385
  • Comparable approach

    Method
    Valuation
    Relative Method
    $835,640
    Geo Method
    $835,640
  • Alternative Use

    Use
    Valuation
    Residential
    $579,925
    Hospitality
    $531,208
    Educational
    $441,959
    Medical
    $457,158
    Retail
    $687,491
2550 Parks Mill Rd, Buckhead, Georgia

Location Insight

City
Buckhead
County
Morgan
State
Georgia
Latitude
33.5479
Longitude
-83.3231
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
2023
$2,698
$6,000
$108,784
$114,784
-
$15,000
$271,960
$286,960

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