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Windermere Plaza I 487 Highway 138 8,424 SF 100% Leased Retail Building Riverdale, GA 30274 $970,000 ($115.15/SF)
Investment Highlights
- Offered as-is on ±1.38 acres with ample parking in a strong and growing commercial corridor.
- Well-maintained ±8,424 SF strip center with flexible multi-tenant or owner-user potential.
- Prime Highway 138 frontage with exposure to approximately 36,000 vehicles per day.
- Strategically located near I-85, Hartsfield-Jackson Airport, and surrounding retail amenities.
Executive Summary
Positioned in the heart of Riverdale, this ±8,424 SF retail strip center at 487 Highway 138 SW offers a prime owner-user or investment opportunity with exceptional visibility along a heavily traveled corridor seeing approximately 36,000 vehicles per day. Built in 2005 on ±1.38 acres and zoned commercial, the well-maintained property is ideal for retail, service, or office use and supports multiple tenant configurations. Surrounded by national retailers and established businesses, the site benefits from strong traffic and a growing market, while its proximity to I-85 and Hartsfield-Jackson Atlanta International Airport enhances accessibility and convenience. The property features ample surface parking, full utility availability, and is being offered as-is, presenting a strong value-add opportunity for investors or owner-users seeking presence in a high-demand retail corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,424 SF
Building Class
C
Year Built
2004
Price
$970,000
Price Per SF
$115.15
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.38 AC
Zoning
GB
Parking
50 Spaces (5.94 Spaces per 1,000 SF Leased)
Frontage
220’ on Ga-138 Hwy
Amenities
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-0203A-00B-038 | Improvements Assessment | $434,880 |
| Land Assessment | $72,360 | Total Assessment | $507,240 |
Property Taxes
Parcel Number
13-0203A-00B-038
Land Assessment
$72,360
Improvements Assessment
$434,880
Total Assessment
$507,240
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