Property summary
This exceptional investment opportunity presents a fully operational, three-building daycare campus totaling 10,400 square feet, situated on 3.07 acres in Smyrna, Georgia. The property includes three renovated units, each with its own fenced area, providing ample space for children. Features include a large playground, a separate pool area, and recently updated interiors with new vinyl flooring, AC furnaces, awnings, vanity cabinets, sinks, kitchens, and bathrooms. The main building, located at 395 Russell Drive, boasts 5,500 square feet and a spacious basement. Two additional buildings, situated at 3941 and 3951 Covered Bridge Place, offer 2,200 and 3,100 square feet respectively. The campus is conveniently located across from Russell Elementary School, benefiting from high visibility and accessibility. The property is zoned C, allowing for retail or commercial use, and has a licensed capacity for 180 children. The buildings were renovated in 2020. This turnkey operation is vacant and ready for immediate occupancy on May 2, 2024. The asking price is $1,495,000, translating to $143.75 per square foot. This represents a compelling opportunity for owner-users seeking a well-established daycare center in a prime location. The property's extensive renovations, ample outdoor space, and strategic location make it an attractive investment.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The R-15 district is comprised primarily of existing low density residential areas of the City of Smyrna, and vacant or open areas where similar residential development appears likely to occur. The intent in establishing…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R-15 · Smyrna, GAThe R-15 district is comprised primarily of existing low density residential areas of the City of Smyrna, and vacant or open areas where similar residential development appears likely to occur. The intent in establishing…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The R-15 district is comprised primarily of existing low density residential areas of the City of Smyrna, and vacant or open areas where similar residential development appears likely to occur. The intent in establishing…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-15 in Smyrna, GA.
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