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    4283 Salem Rd Covington, GA 30016

    For Sale
    $995,000

    1.31 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.31-acre commercial pad-ready site in Covington, Georgia, presents a remarkable investment opportunity. Located at 4283 Salem Road, this property boasts convenient access to major thoroughfares and is situated within a thriving commercial node. The site is zoned for commercial use and is equipped with readily available utilities, making it ideal for immediate development. Its strategic location offers high visibility and accessibility, benefiting from significant traffic volume on Salem Road (20,400 vehicles per day) and Brown Bridge Road (15,100 vehicles per day). The property's proximity to a Publix Shopping Center, with existing access to a traffic light and a planned future light at the nearby Walmart, ensures exceptional exposure to a large customer base. This prime location is further enhanced by its adjacency to numerous established businesses, including McDonald's, Chick-fil-A, Zaxby's, Wendy's, and CVS, creating a synergistic environment for new commercial ventures. The site's location between Covington and Conyers, surrounded by residential development, guarantees a strong and consistent customer base. The asking price for this exceptional property is $995,000. The property's APN is 0013000000123000. This is a rare opportunity to acquire a fully prepared site in a high-traffic, high-growth area.

    Property Features for 4283 Salem Rd

    General Information

    Property type
    Individual retail properties
    Lot Size
    57,064 SF

    HighLights

    • High traffic counts: 20,400 vehicles per day (VPD) on Salem Road and 15,100 VPD on Brown Bridge Road.
    • Excellent visibility and accessibility from major thoroughfares.
    • Strong demographics and high population density in the immediate area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.964045368515
    Latitude
    33.576486530178

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    FAQs

    What type of property is this?
    Individual retail property - 1.31 Acres, Prime Commercial Location
    Where is this individual retail property located?
    The property is located at 4283 Salem Rd Covington, GA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: High traffic counts: 20,400 vehicles per day (VPD) on Salem Road and 15,100 VPD on Brown Bridge Road.; Excellent visibility and accessibility from major thoroughfares.; Strong demographics and high population density in the immediate area.
    Request Owner's contact information
    4283 Salem Rd Covington, GA 30016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4283 Salem Rd Covington, GA 30016
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