Photo 1
Photo 2
Photo 3
Photo 4

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