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Property profile & analytics
OFF-MARKET Estimated value $5,155,000
Car washes

4283 Salem Rd Covington, GA 30016-7901

2,358 SF 1.51 ac lot Built 2021
Entity Owned 4-yr Hold Free & Clear
Property ID
US22-0274915
Property summary
AI-generated overview

This exceptional 1.31-acre commercial pad-ready site in Covington, Georgia, presents a remarkable investment opportunity. Located at 4283 Salem Road, this property boasts convenient access to major thoroughfares and is situated within a thriving commercial node. The site is zoned for commercial use and is equipped with readily available utilities, making it ideal for immediate development. Its strategic location offers high visibility and accessibility, benefiting from significant traffic volume on Salem Road (20,400 vehicles per day) and Brown Bridge Road (15,100 vehicles per day). The property's proximity to a Publix Shopping Center, with existing access to a traffic light and a planned future light at the nearby Walmart, ensures exceptional exposure to a large customer base. This prime location is further enhanced by its adjacency to numerous established businesses, including McDonald's, Chick-fil-A, Zaxby's, Wendy's, and CVS, creating a synergistic environment for new commercial ventures. The site's location between Covington and Conyers, surrounded by residential development, guarantees a strong and consistent customer base. The asking price for this exceptional property is $995,000. The property's APN is 0013000000123000. This is a rare opportunity to acquire a fully prepared site in a high-traffic, high-growth area.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Year built 2021
Construction STEEL FRAME
Total area 2,358 SF
Lot 1.51 ac (65,776 SF)
APN 00130-00000-123-A00
UPID US22-0274915
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.27M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.16M
Owner & transaction history
Mdc Coastal 1 LLC · 4 yrs held
Mdc Coastal 1 LLC
since 2021
Last sale
$5.2M
1 recorded transaction
2021
$5.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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