11331 Tara Blvd, Hampton, GA 30228
- Strip malls
- 47,057 SF
- 6.83 lot acres
Current Use by Public Records
- Bank of America ATM / Atm
Property Details for 11331 Tara Blvd
- Year built
- 2005
- Lot size
- 6.83 lot acres
- Zone code
- C
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 06-131D- A-007
- APU
- 06131DA007
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 20, 2024 | $10,000,000 | Hampton Owner LLC | Lovejoy Shop Investment LLC | Warranty Deed | $6M · Standard Insurance |
| Feb 20, 2024 | — | Hampton Owner LLC | Lovejoy Shop Investment LLC | Quit Claim Deed · related | — |
| Mar 22, 2022 | — | Lovejoy Shop Investment LLC | — | Deed · related | $5.5M · United Community Bank |
| Nov 10, 2005 | $6,347,000 | Lovejoy Shop Inv LLC | Wr Of Lovejoy LLC | Deed | $6M · Prudential Mtg Cap Co LLC |
| — | — | Lovejoy Shop Investment LLC | — | Deed Of Trust · related | $5.1M · Miscellaneous Ins Co |
Description
This Class A, 47,008 square foot retail center, built in 2007, is situated on 6.8 acres at 11331 Tara Blvd, Hampton, GA 30228, at the intersection of the Westerly Right of way of U.S. highway 41 & 19. The property boasts 234 parking spaces and is part of the vibrant Riverdale/Jonesboro submarket in South Atlanta. Currently, 2,400 square feet of retail space is available for lease within this single-story building. The center enjoys a prime location in the rapidly expanding Hampton/Lovejoy market, benefiting from proximity to substantial residential and commercial growth. It's a Walmart shadow center, anchored by a significant Walmart store and complemented by a diverse range of established tenants including Benchmark Fitness, Bank of America, Hibbett Sports, Beauty World, Game Stop, Classic Brow, Rainbow Apparel, Dollar Tree, and JR Crickets. The property's APN is 06131D A007, and it's located in Clayton County. This presents a unique opportunity to establish a business within a successful and well-positioned retail center. The property is classified as a community/shopping center and offers excellent visibility and accessibility. This is a single-tenancy opportunity within a larger, established center.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $10,000,000
- ML approach
- $10,000,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $12,605,000
- 6.5%
- $11,635,000
- 7%
- $10,805,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $9,033,000
Market price range: $3.67M - $9.70M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $6,645,000 Current use
- AUTO REPAIR, GARAGE
- $13,360,000 Change: +101% Conversion: Difficult
- OFFICE BUILDING
- $7,780,000 Change: +17% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $7,725,000 Change: +16% Conversion: Easy
- WAREHOUSE, STORAGE
- $6,525,000 Change: -2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hampton
- County
- Clayton
- State
- Georgia
- Longitude
- -84.3253
- Latitude
- 33.4449
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
