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    1517 Southlake Pkwy Morrow, GA 30260

    For Sale
    $350,000

    0.77-acre commercial lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.77-acre commercial land parcel, located at 1517 Southlake Parkway in Morrow, Georgia (zip code 30260), presents a unique investment opportunity. The property boasts 200 feet of frontage on Southlake Parkway, offering excellent visibility and accessibility. Its dimensions measure approximately 200 feet wide by 175 feet deep. The site benefits from its strategic location near Southlake Mall and Southlake Festival Shopping Center, ensuring high daily traffic counts estimated at approximately 30,700 vehicles. The presence of 10 major car dealerships in close proximity further enhances the property's desirability. Clayton County's robust population growth, recorded at 2.86% in 2023, underscores the area's economic vitality and potential for future development. The property is zoned for General Commercial use (GC) by the City of Morrow, allowing for a wide range of commercial ventures. This prime location and favorable zoning make this 0.77-acre lot an ideal investment for developers and entrepreneurs seeking a high-traffic, well-situated commercial property in a thriving market. The asking price for this exceptional opportunity is $350,000.

    Property Features for 1517 Southlake Pkwy

    General Information

    Property type
    Land
    Lot Size
    33,541 SF

    HighLights

    • 0.77‑acre lot (200' x 175')
    • Excellent Southlake Mall/Southlake Festival Shopping Center location
    • High daily traffic count: 30,700+ vehicles
    • Proximity to 10 major car dealerships
    • 200 feet of frontage on Southlake Parkway
    • 2.86% population growth in 2023
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morrow
    County
    Clayton
    State
    Georgia
    Longitude
    -84.340302
    Latitude
    33.573021

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    FAQs

    What type of property is this?
    Land - 0.77-acre commercial lot, high traffic area.
    Where is this land located?
    The property is located at 1517 Southlake Pkwy Morrow, GA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 0.77-acre lot (200' x 175'); Excellent Southlake Mall/Southlake Festival Shopping Center location; High daily traffic count: 30,700+ vehicles
    Request Owner's contact information
    1517 Southlake Pkwy Morrow, GA 30260
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    Morrow, GA 30260
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1517 Southlake Pkwy Morrow, GA 30260
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