5027 Austell Rd Austell, GA 30106
- Community centers
- 1.29 lot acres
Current Use by Public Records
- Uak Parking LLC / Parking Lot
- Austell Rd RV & Boat Storage / Rv Storage Facility
Property Details for 5027 Austell Rd
- Lot size
- 1.29 lot acres
- Zone code
- PSC
- Property type
- Community centers
- APN
- 19115500460
- APU
- 19115500460
Description
This exceptional investment opportunity presents a prime 1.29-acre commercial parking lot located at 5027 Austell Road in Austell, Georgia. Currently boasting 63 parking spaces, this fully fenced lot offers secure 24-hour access via multiple gates. The property's significant advantage lies in its proven profitability, generating a consistent monthly income exceeding $10,000. This established revenue stream provides immediate returns for investors, with significant potential for future growth. The existing infrastructure is well-maintained and ready for immediate use. The substantial lot size also presents a unique opportunity to expand the parking capacity by fencing in additional areas, further increasing revenue generation. This translates to a substantial increase in the property's overall value and return on investment. The property's strategic location in Austell, GA, offers excellent accessibility and visibility, making it an attractive option for businesses and individuals seeking convenient parking solutions. This is a rare chance to acquire a high-performing, income-producing asset with considerable upside potential. The property is priced at $799,500, reflecting its strong financial performance and future growth prospects. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $295,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $235,000
- Retail
- $280,000
- Mixed-Use
- $295,000
- Hospitality
- $265,000
- Educational
- $245,000
- Residential Income
- $280,000
- Energy
- $220,000
- Income-Based Land
- $300,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Austell
- County
- Cobb
- State
- Georgia
- Longitude
- -84.6117
- Latitude
- 33.8312
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA