Property profile

5480 Jonesboro Rd Lake City, GA 30260

FOR SALE
Commercial land
Property ID
US22-3435010
0.65 ac lot
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.65 ac (28,445 SF)
Zoning code C
APN 12-176B- C-010
UPID US22-3435010

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
  • Auto Parts Store
  • Building Supply Hardware & Home Improvement

Location

5480 Jonesboro Rd Lake City, GA 30260
Lake City metro Census 40407 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2018
1 recorded transaction
2018
$20,000

Zoning & alternative use

C · Lake City, 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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