Technical
Financial
Distress signals
Property profile

2803 Hwy 138th E Jonesboro, GA 30236

OFF-MARKET
Investment properties
Property ID
US22-1346609
3,516 SF 2.3 ac lot Built 1982
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2.3-acre commercial property in Jonesboro, GA, presents a unique investment opportunity. The 6,400 square foot property boasts a well-maintained home and inviting pool, adding to its versatility. Its prime location and C-4 zoning unlock a wide range of possibilities. Envision a thriving assisted living facility, catering to the area's growing senior population, or a modern medical office complex meeting the increasing demand for healthcare services. The expansive, level lot is also perfectly suited for a mixed-use development, seamlessly blending residential, retail, and office spaces. The existing structures provide a solid foundation for immediate use or potential renovation, while the ample land allows for significant expansion. This property offers unparalleled flexibility and high potential for return on investment. The property's address is 2803 Hwy 138, Jonesboro, GA. Prospective buyers are advised to independently verify zoning regulations with the local authorities and explore potential rezoning options with the city planning department to fully understand the development possibilities. The asking price is $1,200,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1982
Construction BRICK
Total area 3,516 SF
Lot 2.3 ac (100,232 SF)
Zoning code MCD
APN 12-043A- A-010
UPID US22-1346609

Cap rate & NOI

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

Location

2803 Hwy 138th E Jonesboro, GA 30236-2801
Jonesboro metro Census 40615 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
$655k
Comparable Approach Comparable
$740k
Blend (final) Blend
$555k

Owner & transaction history

since 2021
Last sale
$499,900
7 recorded transactions
2021
Price N/A
2021
$499,900
2021
Price N/A
2019
$400,000
2017
Price N/A
2017
Price N/A
2017
Price N/A

Zoning & alternative use

MCD · Jonesboro, GA
Top alternative use upside
Office building $525,000 +7.8%
Neighborhood: shopping center $515,000 +5.7%

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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