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Property profile & analytics
OFF-MARKET
Retail space

4781 Covington Hwy Decatur, GA 30035-2005

1,714 SF 0.34 ac lot Built 1998
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US22-1760224
Property summary
AI-generated overview

This 1,700 square foot commercial building, situated on a 0.3-acre lot in Decatur, Georgia, presents a compelling investment opportunity. Built in 1998 and featuring a recently replaced roof, the structure boasts an 18-foot ceiling height and a convenient 8' x 8' roll-up door at the rear, ideal for various commercial uses. Currently operating as a tire shop with a month-to-month tenant, the property offers immediate income potential or the possibility of owner-occupancy. The C-1 zoning in unincorporated DeKalb County allows for a wide range of commercial applications. The triangular lot provides ample parking in the front and fenced storage in the rear. Access to a second-floor office is available via both interior and exterior stairwells. Benefitting from high visibility, the property enjoys 178 feet of frontage on Covington Highway, a four-lane artery with a dedicated turn lane, experiencing a daily traffic count of 33,900 vehicles. Its strategic location offers convenient access to I-285 via Glenwood Road and Covington Highway exits (within 6 minutes). Note that an adjacent billboard is not included in the sale. The asking price is $525,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Construction WOOD FRAME
Total area 1,714 SF
Lot 0.34 ac (14,636 SF)
Zoning code C1
APN 15 190 01 015
UPID US22-1760224
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
Current use
Occupant on record · Public records
  • Favored Rims-Tires-Repair LLC Auto Repair Shop
  • Ultimate Tires & Rims Llc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
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by Request
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Owner & transaction history
4781 Covington Highway LLC · 8 yrs held
4781 Covington Highway LLC
since 2018
Last sale
$435,000
2 recorded transactions
2018
Price N/A
2004
$380,000
Zoning & alternative use
C1 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Home Page | Decatur GA
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