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Investment Highlights

  • Heavy traffic flow at the intersection of two major Georgia highways
  • Near Southern Crescent Regional Hospital
  • Near major grocery stores, dining and commerce
  • Ideal for townhome and multi family development

Executive Summary

Near upcoming new Clayton County transportation corridor

Attachments

Offering Memorandum_7441 McElroy Dr (1)
GB_General_Business_District_Intent__Permitted_Uses_and_Conditional_Uses__k5T0i
GB_General_Business_District_Standards.

Data Room Click Here to Access

Property Facts

Price $940,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Multifamily
  • Auto Dealership
  • Auto Repair
  • Bank
  • Daycare Center
  • Drugstore
  • Fast Food
  • Healthcare
  • Health Club
  • Movie Theater
  • Neighborhood Center
  • Office Park
  • Rehabilitation Center
  • Restaurant
  • Strip Center
  • Supermarket
Total Lot Size 5.29 AC
Zoning GB - General Business-Residences on Commercial Property

1 Lot Available

Lot 1-1

Price $940,000
Price Per AC $177,693.76
Lot Size 5.29 AC

Prime location at Ga. Hwy 85 and Ga. Hwy 138 intersection. Commercial (GB) land. This property is one part of a 5.279 parcel assemblage: 7471, 7423, and 7453 McElroy Road (See other listings) totaling $940,000. Additional lot available to total 5.29.

Description

This 5.279-acre parcel assemblage (including 7471, 7423, 7453 McElroy Rd) stands out as a premier candidate for a Neighborhood Strip Mall, Retail Plaza, or Medical/Professional Office. Why this site works: Traffic & Visibility: Located at the high-traffic intersection of Ga. Hwy 85 and Ga. Hwy 138. Strategic Positioning: The property backs up to a developing Senior Apartment complex, providing a steady stream of local foot traffic and a need for nearby services. Development Ready: With GB zoning already in place, this site is ready to pivot from its historical residential use to a profitable commercial hub. Assemblage Details: Total Acreage: ~5.279 Acres Current Status: Structures on site (occupied), sold as an assemblage only. Utilities: City Water available.

Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
  • Listing ID: 31905988

  • Date on Market: 5/23/2024

  • Last Updated:

  • Address: 7441 McElroy Dr, Riverdale, GA 30296

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