1115 Morrow Rd Morrow, GA 30260-1066
- Strip malls
- 11,340 SF
- 0.72 lot acres
Current Use by Public Records
- KLoveQualityDesigns / Cabinet Store
- Crescent Contracting Inc / General Contractor
Property Details for 1115 Morrow Rd
- Year built
- 1977
- Lot size
- 0.72 lot acres
- Property size
- 11,340 SF
- Zone code
- C
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 13-113B- D-001
- APU
- 13113BD001
Description
This exceptional 22,000 square foot shopping center presents a compelling value-add investment opportunity in Morrow, Georgia. Located at 1115 Morrow Road, this multi-tenant property, currently vacant, offers six units within a single, two-story building constructed in 1977. The property sits on a 0.72-acre lot and includes 50 parking spaces, ensuring ample customer convenience. With a permitted NB zoning classification, the property benefits from excellent visibility, strategically positioned across from BC Haynie Elementary School. The asking price is $1,575,000, translating to $71.59 per square foot. While currently vacant, a pro-forma NOI of $252,356 projects a 16.02% cap rate, highlighting the significant potential for return on investment. Strong demographics within a three-mile radius, including a population of 76,237 residents with an average household income of $53,975, further support the property's investment potential. This property offers a rare chance to capitalize on a prime retail location in a thriving community. The property's size, location, and potential for significant rental income make it an attractive proposition for investors seeking a value-add opportunity in the Atlanta MSA. The property's address is 1115 Morrow Rd, Morrow, GA 30260. The Clayton County location and ample parking further enhance its appeal.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $485,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $680,000
- 6.5%
- $620,000
- 7%
- $685,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $605,000
- Geo Method
- $705,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $550,000
- Retail
- $560,000
- Mixed-Use
- $585,000
- Hospitality
- $580,000
- Educational
- $570,000
- Residential Income
- $620,000
- Energy
- $755,000
- Income-Based Land
- $665,000
- Food Service
- $710,000
Location Insight
- Map
- Local Demand
- City
- Morrow
- County
- Clayton
- State
- Georgia
- Longitude
- -84.354
- Latitude
- 33.5875
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
