3846 Covington Hwy Decatur, GA 30032-2602
- Auto shops
- 1,417 SF
- 0.47 lot acres
Sep 14, 2023
Current Use by Public Records
- Good Hands Auto Services / Auto Repair Shop
- B & L Auto Repair / Auto Repair Shop
Property Details for 3846 Covington Hwy
- Year built
- 1956
- Construction
- WOOD FRAME
- Lot size
- 0.47 lot acres
- Property size
- 1,417 SF
- Zone code
- C2
- Property type
- Auto shops
- APN
- 15 220 06 003
- APU
- 1522006003
Description
This exceptional investment opportunity presents a well-established auto shop located at 3846 Covington Highway in Decatur, Georgia. The property, built in 1956, sits on a sizable 0.47-acre lot and features a single building ideally suited for continued automotive use or potential redevelopment. Priced at $400,000, this retail property offers significant potential for return on investment. The property's convenient location in Dekalb County, Georgia, zip code 30032, provides easy access to major transportation routes and a thriving customer base. The existing structure provides ample space for various automotive services, offering immediate income potential for a new owner. The 0.47-acre lot allows for expansion or future development possibilities, catering to a range of business needs. This is a rare chance to acquire a well-positioned, established business in a desirable location. The property's history and current configuration offer a solid foundation for continued success or a fresh start for a new venture. Serious inquiries are encouraged to explore the full potential of this Decatur, Georgia commercial property. The property is classified as retail, with a subtype of auto shop and business. This presents a unique opportunity for both established businesses and new entrepreneurs looking to enter the thriving Decatur market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $165,000
- ML approach
- $120,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $173,000
Market price range: $74.5k - $227k
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Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.2421
- Latitude
- 33.7604
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA