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Property profile & analytics
OFF-MARKET
Investment properties

7423 Mcelroy Dr Riverdale, GA 30296-1545

1,464 SF 1.61 ac lot Built 1952
Individually Owned Free & Clear
Property ID
US22-0473802
Property summary
AI-generated overview

This exceptional 1.61-acre commercial property, located at 7423 McElroy Drive in Riverdale, Georgia, presents a compelling investment opportunity for developers and discerning investors. Situated at the strategic intersection of GA Highway 85 and GA Highway 138, this lot benefits from high visibility and convenient access to major transportation arteries. The property is part of a larger 5.279-acre assemblage, encompassing parcels at 7471, 7423, 7453, and 7471 McElroy Road (see separate listings for details). Importantly, these properties will be sold as a single unit and will not be subdivided. The current zoning designation is General Business (GB), allowing for a range of permitted commercial uses. The expansive acreage is particularly well-suited for residential townhome development, offering significant potential for substantial returns. Detailed zoning information and permitted business types are available upon request (see accompanying photos). Priced at $608,523, this property represents a rare chance to acquire a substantial land holding in a rapidly developing area. Don't miss this opportunity to capitalize on the significant growth potential of this prime Riverdale location.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1952
Construction FRAME
Total area 1,464 SF
Lot 1.61 ac (70,001 SF)
Zoning code GB
APN 13-183C- A-012
UPID US22-0473802
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
W T KELLY
W T KELLY
Zoning & alternative use
GB · Riverdale, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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