Property profile

2250 Lk Harbin Rd Morrow, GA 30260

OFF-MARKET
Community centers
Property ID
US22-1288268
55,310 SF 10.46 ac lot Built 1968
Entity Owned 22-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 72,860 square foot retail property, situated on a generous 10.5-acre lot at 2250 Lake Harbin Road in Morrow, Georgia, presents a compelling investment opportunity. Currently operating as an income-producing strip mall, the property boasts a substantial footprint, offering ample space for a diverse range of retail businesses. The strategic location within Morrow ensures high visibility and accessibility, attracting a significant customer base. The asking price of $4,500,000 reflects the property's strong potential for return on investment. This is an ideal acquisition for investors seeking a stable, income-generating asset in a thriving market. The substantial lot size also offers potential for future expansion or redevelopment, providing further opportunities for growth and increased profitability. Detailed financial information and tenant occupancy details are available upon request. Don't miss this chance to secure a prime retail investment in a rapidly developing area. Serious inquiries only.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1968
Total area 55,310 SF
Lot 10.46 ac (455,768 SF)
Zoning code GB
APN 12-141D- B-001
UPID US22-1288268

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Rental Equipment Company Party Supply Store
  • Insurance Agency
  • (Bike/Boat/Book/etc) Store Pet Store & Service
  • Recording Studio
  • Spa & Massage Center

Location

2250 Lk Harbin Rd Morrow, GA 30260-1926
Morrow metro Census 40419 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$705k

Owner & transaction history

since 2004
7 recorded transactions
2020
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
2017
Price N/A
2004
$3.0M
2004
Price N/A

Zoning & alternative use

GB · Morrow, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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