Description
Lakeridge Village Plaza, located at 1240–1254 Hwy 138 SW in Riverdale, Georgia, is a well-positioned retail strip center offering approximately 10,020 square feet of versatile space across retail, restaurant, office, and salon units on a 1.38-acre site. Benefiting from strong visibility along Highway 138 with over 26,000 vehicles per day and convenient access, the property supports a variety of uses under flexible zoning and includes 54 parking spaces with potential for expansion. With a 7.00% cap rate and multiple tenant spaces providing stable income, this asset presents an attractive investment opportunity in a growing area, further enhanced by its proximity to surrounding residential developments and long-term profitability potential.
Listing Details
- Cap Rate
7%
- Tenancy
Multi
- Space Type
mixed-use
- Sub Category
mixed-use-office / mixed-use-retail
- Date Listed
4/6/2026
- Broker/Agent Co-op
Yes
- Investment Type
Value Add
- Net Operating Income
$187,824
- Parking Info
8 Spaces
Property Specifics
- Property Name
1240 Hwy 138 SW
- No of Buildings
1
- No of Stories
1
- Year Built
2002
- Building Size
10,020 SF
- Lot Size
1.38 Ac
- APN
13200B B055
- Zoning
Commercial
- Occupancy
90%
Property Amenities
Location Amenities
Commuter Rail
Metro/Subway
Public Transportation



