4355 Covington Hwy Decatur, GA 30035
- Office buildings
- 1,380 SF
- 2.00 lot acres
Current Use by Public Records
- Gracita Bond - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
Property Details for 4355 Covington Hwy
- Year built
- 1956
- Lot size
- 2.00 lot acres
- Property size
- 1,380 SF
- Zone code
- OD
- Property type
- Office buildings
- APN
- 15 196 03 010
- APU
- 1519603010
Description
This exceptional 1,403 square foot commercial property, located at 4355 Covington Highway in Decatur, Georgia, presents a unique investment opportunity. The single-tenant office building is situated in a high-traffic area of DeKalb County, offering excellent visibility and accessibility. Its strategic location near I-285 ensures convenient access to major transportation arteries, including the Indian Creek MARTA station, facilitating seamless commutes for employees and clients. The property benefits from its proximity to the vibrant Decatur Square, a renowned destination for dining and entertainment, and the recreational attractions of Stone Mountain Park. This combination of convenient location, ample space, and strong surrounding amenities makes this property ideal for a variety of businesses seeking a thriving commercial environment within easy reach of downtown Atlanta. The property is classified as both Office and Land, offering potential for future development or expansion. The single-suite building provides a self-contained and efficient workspace. This is a rare opportunity to acquire a well-positioned commercial property in a highly desirable and rapidly developing area of metro Atlanta. The property's location on one of DeKalb County's busiest streets ensures high visibility and potential for significant foot traffic. This makes it an attractive option for businesses seeking a strong presence in a bustling commercial district.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $185,000
- 6.5%
- $215,000
- 7%
- $215,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $220,000
- Geo Method
- $195,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $235,000
- Mixed-Use
- $190,000
- Hospitality
- $235,000
- Educational
- $180,000
- Residential Income
- $210,000
- Energy
- $235,000
- Income-Based Land
- $240,000
- Food Service
- $190,000
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.2267
- Latitude
- 33.748
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA