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    Richardson Pkwy Morrow, GA 30236

    Sponsored
    For Sale
    $1,755,000

    7.02 Acres, Prime Location, $1.75M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.02-acre parcel presents a remarkable investment opportunity in Morrow, Georgia. Located in Clayton County, the property boasts a highly desirable MX zoning, permitting mixed-use development. With approximately 524 feet of frontage on Richardson Parkway, this site offers excellent visibility and accessibility. All utilities are readily available, simplifying development plans. The strategic location is further enhanced by its proximity to a prominent dealership and a planned apartment complex, indicating strong future growth in the area. The property benefits from significant traffic counts, with approximately 24,200 average daily traffic (ADT) on Mt. Zion Boulevard and 140,000 ADT on I-75. Its convenient location, less than one mile from I-75 Exit 231, ensures easy access to major transportation arteries. The asking price is $1,755,000, translating to $250,000 per acre, reflecting the exceptional value and potential of this prime development site. This is an ideal opportunity for developers seeking a strategically located mixed-use property with significant growth potential in a thriving area.

    Property Features for 0 Richardson Pkwy

    General Information

    Property type
    Land
    Lot Size
    305,791 SF

    HighLights

    • 7.02‑acre parcel.
    • Clayton County location.
    • Mixed‑use (MX) zoning.
    • All utilities readily available.
    • 524 feet of frontage on Richardson Parkway.
    • Excellent location adjacent to a major dealership and planned apartment complex.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morrow
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3226488
    Latitude
    33.5213067

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    FAQs

    What type of property is this?
    Land - 7.02 Acres, Prime Location, $1.75M
    Where is this land located?
    The property is located at Richardson Pkwy Morrow, GA.
    What is the asking price?
    The asking price for this property is $1,755,000.
    What are key features of this property?
    This property features: 7.02-acre parcel.; Clayton County location.; Mixed-use (MX) zoning.
    (770) 448-6000
    Request Owner's contact information
    Richardson Pkwy Morrow, GA 30236
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    Morrow, GA 30236
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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
    Richardson Pkwy Morrow, GA 30236
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