3480 Mount Zion Rd, Stockbridge, GA 30281
20,087 SF | Retail Building | Stockbridge, GA 30281 | $3,450,000 ($172/SF) | 6.54% Cap Rate
For Sale
Active
8 pictures
Asking Price $3,450,000
- Property Type
-
Retail
- Square Feet
- 20,087 SF
- Price / Square Foot
- $172
Listing Contacts
Scott Sandelin
John Leonard
- Property Info
Property Overview
Marcus & Millichap is pleased to present an investment opportunity of a well-situated retail property in Stockbridge, GA, located at 3480 Mt Zion Rd. This asset consists of 20,087 SF GLA on an oversized 2.42 acre parcel of land. Office Depot is the current tenant and will commence a MTM tenancy when their current lease term ends in November.
Strategically positioned in a General Business District zone, the property has flexible zoning allowing for a multitude of uses, ensuring resilience and adaptability in the dynamic commercial landscape.
The property's prominent location fronts Mt Zion Rd, reporting traffic counts of 13,260+ vehicles per day, adjacent to Lake Spivey Parkway with 28,500+ VPD, and is within a stone's throw from major thoroughfares, I-75 and I-675, with impressive traffic counts of 133,000+ VPD and 60,000+ VPD respectively, ensuring exceptional visibility and accessibility. The subject also sits within a half-mile from 3 recently completed residential developments with a total combined count of 600 units.
This property represents a rare opportunity for an investor to secure a retail asset with several re-tenanting or redevelopment options. This strategic location is both highly visible and easily accessible. It stands out as a compelling investment in the Stockbridge real estate market, with its significant land area and advantageous zoning poised to accommodate a variety of future uses and developments.
Strategically positioned in a General Business District zone, the property has flexible zoning allowing for a multitude of uses, ensuring resilience and adaptability in the dynamic commercial landscape.
The property's prominent location fronts Mt Zion Rd, reporting traffic counts of 13,260+ vehicles per day, adjacent to Lake Spivey Parkway with 28,500+ VPD, and is within a stone's throw from major thoroughfares, I-75 and I-675, with impressive traffic counts of 133,000+ VPD and 60,000+ VPD respectively, ensuring exceptional visibility and accessibility. The subject also sits within a half-mile from 3 recently completed residential developments with a total combined count of 600 units.
This property represents a rare opportunity for an investor to secure a retail asset with several re-tenanting or redevelopment options. This strategic location is both highly visible and easily accessible. It stands out as a compelling investment in the Stockbridge real estate market, with its significant land area and advantageous zoning poised to accommodate a variety of future uses and developments.
Property Details
- Class
- B
- Year Built
- 2001
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 105,415 SF
Highlights
- Re-Lease / Redevelopment Opportunity – Term expires November 2024
- High Growth Area –Several Residential Developments Recently Completed
- Frontage on Mount Zion Road, Adjacent to Lake Spivey Parkway & Proximity to I-75 & I-675 – Total of 235,000+ VPD
- Strong Residual Value – 20,087 GLA Building With Flexible Zoning
- Located in the Dense Primary Retail Corridor of the Market
- Dense Infill Population – 133,000+ People in 5 Mile Radius With an Average Household Income of $74,000+
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