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    3295 Covington Dr Decatur, GA 30032

    For Sale
    Contact for pricing

    1.5-acre lot, R-75 zoning, mixed-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.5 to 1.59-acre land parcel presents a unique development opportunity in the thriving Decatur, Georgia area. Located at 3295 Covington Dr, 30032, this property boasts an R-75 zoning designation, allowing for a diverse range of commercial and residential projects. Its strategic location within DeKalb County offers unparalleled convenience and accessibility. The site is situated in the highly desirable Kensington Memorial OVD Tier 1 and is designated as a Commercial Redevelopment Corridor (CRC), indicating strong potential for future growth and investment. Enjoy proximity to vibrant downtown areas: just 1.5 miles from Avondale Estates and 2.5 miles from Decatur's bustling city center, brimming with eclectic restaurants and shops. Commuters will appreciate the close proximity to MARTA's Kensington Station (1.2 miles), providing easy access to public transportation. Recreational amenities are also nearby, including the renowned East Lake Golf Club (less than 3 miles) and the DeKalb Farmer's Market (3 miles). Families will find a variety of excellent educational options within easy reach, including the acclaimed Drew Charter School in East Lake. This prime location offers a blend of urban convenience and suburban tranquility, making it an ideal site for a variety of development projects. The property's size and zoning provide flexibility for developers seeking to create a thriving mixed-use community.

    Property Features for 3295 Covington Dr

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • Prime Kensington Memorial OVD Tier 1 location, designated Commercial Redevelopment Corridor.
    • 1.5 miles to Downtown Avondale Estates.
    • 2.5 miles to Downtown Decatur.
    • 3 miles to DeKalb Farmers Market.
    • 1.2 miles to MARTA's Kensington Station.
    • Less than 3 miles to East Lake Golf Club.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.2547544
    Latitude
    33.7612761

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    FAQs

    What type of property is this?
    Land - 1.5-acre lot, R-75 zoning, mixed-use potential.
    Where is this land located?
    The property is located at 3295 Covington Dr Decatur, GA.
    What are key features of this property?
    This property features: Prime Kensington Memorial OVD Tier 1 location, designated Commercial Redevelopment Corridor.; 1.5 miles to Downtown Avondale Estates.; 2.5 miles to Downtown Decatur.
    (404) 371-4422
    Request Owner's contact information
    3295 Covington Dr Decatur, GA 30032
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    Decatur, GA 30032
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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
    3295 Covington Dr Decatur, GA 30032
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