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1240 Hwy 138 SW
1240 Hwy 138 SW, Riverdale, GA 30296
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FOR SALEMixed Use / Office + Retail
Cap Rate
7%
NOI
$187,824
Building Size
10,020SF
Parking Info
8 Spaces
APN
13200B B055
Lot Size
1.38Ac
Listing Contacts
More property details
Year Built
2002
Zoning
Commercial
Occupancy
90%
Tenancy
Multi Tenant
Currently Leased
No
Investment
Value Add
Broker Co-op
Yes
No of Buildings
1
No of Stories
1
Features & amenities
Location Amenities
Metro/Subway
Public Transportation
Commuter Rail
Location
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1240 Hwy 138 SW
About the location
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.