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    5480 Jonesboro Rd Lake City, GA 30260

    Sponsored
    For Sale
    Contact for pricing

    High-traffic retail property, redevelopment potential.

    Property size:
    19,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.5-acre commercial property located at 5480 Jonesboro Road in Morrow, Georgia (zip code 30260), presents a unique investment opportunity. The site boasts four existing buildings totaling over 19,000 square feet of retail space, situated on a highly visible corner with frontage on Jonesboro Road. The property benefits from three separate entrances, ensuring convenient access for customers. All utilities, including water, are readily available. The current zoning is GB, but the owner is willing to sell subject to rezoning, opening up exciting possibilities for future development. With an impressive average annual daily traffic count exceeding 23,100 vehicles, this location offers unparalleled exposure. The substantial lot size allows for potential expansion, adding further acreage to the existing 7.5 acres. This property is ideal for investors seeking a redevelopment project with significant upside potential in a high-traffic area. The existing buildings provide immediate income potential while the land offers substantial long-term growth opportunities. Serious inquiries are encouraged.

    Property Features for 5480 Jonesboro Rd

    General Information

    Property type
    Land
    Square Feet
    19,000 SF
    Lot Size
    326,700 SF

    Building Details

    Buildings
    4

    HighLights

    • 7.5+/- Acres of commercial land in Morrow, GA.
    • 4 buildings totaling 19,000+/- SF of retail space.
    • All utilities available, including water.
    • High visibility corner lot with Jonesboro Road frontage.
    • Three separate building entrances.
    • Redevelopment potential; owner will consider sale subject to rezoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3421353
    Latitude
    33.6062455

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    FAQs

    What type of property is this?
    Land - High-traffic retail property, redevelopment potential.
    Where is this land located?
    The property is located at 5480 Jonesboro Rd Lake City, GA.
    What are key features of this property?
    This property features: 7.5+/- Acres of commercial land in Morrow, GA.; 4 buildings totaling 19,000+/- SF of retail space.; All utilities available, including water.
    Request Owner's contact information
    5480 Jonesboro Rd Lake City, GA 30260
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    Lake City, 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
    5480 Jonesboro Rd Lake City, GA 30260
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