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    5905 Lake Pkwy McDonough, GA 30253

    Sponsored
    For Lease
    Contact for pricing

    Prime commercial land, 1-2 acre lots.

    Lot size:
    87,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Invest in these exceptional multi-use pad sites located in McDonough, Georgia, at 5905 E Lake Pkwy, zip code 30253. These sites range from one to two acres and offer a fantastic opportunity for commercial development. The property is strategically positioned directly across from a Kroger-anchored shopping center, ensuring high visibility and convenient access for potential businesses. This prime location benefits from strong surrounding retail presence, including established businesses such as Walgreens, Bojangles, Shane's Rib Shack, and Advance Auto Parts, creating a vibrant and thriving commercial environment. The area also boasts excellent demographics, with a significant population base and strong family presence. Less than a mile away are East Lake Elementary, Union Grove Middle School, and Union Grove High School, serving over 3,200 students, further enhancing the area's appeal and potential for growth. The property is situated in Henry County and comprises a total of eleven acres, offering ample space for development. The sites are available for sale or lease, providing flexibility for various investment strategies. This is an exceptional opportunity to capitalize on a high-traffic location with strong existing infrastructure and a promising future. Contact us today to learn more about this exciting investment opportunity.

    Property Features for 5905 Lake Pkwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    87,120 SF

    Unit(s) available at that property

    Space
    Size
    87,120 SF

    HighLights

    • Strong demographics: Average household income over $95,000 within a 3‑mile radius.
    • Excellent national tenant mix: Starbucks currently operating, Whataburger under construction.
    • High traffic counts: 18,000+ VPD on Highway 155 and 12,000+ VPD on East Lake Pkwy.
    • Significant population growth: Projected 8.66% increase over five years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Auto Parts Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    McDonough
    County
    Henry
    State
    Georgia
    Longitude
    -84.1437297
    Latitude
    33.5084346

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    FAQs

    What type of property is this?
    Land - Prime commercial land, 1-2 acre lots.
    Where is this land located?
    The property is located at 5905 Lake Pkwy McDonough, GA.
    What are key features of this property?
    This property features: Strong demographics: Average household income over $95,000 within a 3-mile radius.; Excellent national tenant mix: Starbucks currently operating, Whataburger under construction.; High traffic counts: 18,000+ VPD on Highway 155 and 12,000+ VPD on East Lake Pkwy.
    Request Owner's contact information
    5905 Lake Pkwy McDonough, GA 30253
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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
    5905 Lake Pkwy McDonough, GA 30253
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