7423 Mcelroy Dr, Unit Riverdale Riverdale, GA 30296
- Investment properties
- 1,464 SF
- 1.61 lot acres
Current Use by Public Records
- Investment properties
Property Details for 7423 Mcelroy Dr
- Year built
- 1952
- Construction
- FRAME
- Lot size
- 1.61 lot acres
- Property size
- 1,464 SF
- Zone code
- GB
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 13-183C- A-012
- APU
- 13183CA012
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riverdale
- County
- Clayton
- State
- Georgia
- Longitude
- -84.4163
- Latitude
- 33.5522
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
