Property profile

4889 Covington Hwy Decatur, GA 30035

OFF-MARKET
Auto shops
Property ID
US22-1637302
4,331 SF 0.48 ac lot Built 1960
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 4,331 square foot retail property, located at 4889 Covington Hwy in Decatur, Georgia (30035), presents a unique investment opportunity. Built in 1960 and renovated in 2016, this single-story building sits on a desirable corner lot, offering exceptional visibility and high foot traffic. Currently zoned C2, the property features 10 parking spaces and is ideal for owner-users. Previously configured as a partially built-out seafood restaurant, including a grease trap and existing equipment, the space is adaptable to a variety of uses. Potential tenants could include convenience stores, grocery stores, storefronts, or other retail businesses. The property's prime location in the heart of Decatur, coupled with its flexible layout and high visibility, makes it an attractive option for entrepreneurs seeking a thriving business environment. The asking price is $635,000. This is a single-tenancy property offering significant potential for growth and return on investment. Don't miss this chance to secure a prime commercial location in a bustling Georgia market.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1960
Total area 4,331 SF
Lot 0.48 ac (20,952 SF)
Zoning code C2
APN 15 163 03 042
UPID US22-1637302

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4889 Covington Hwy Decatur, GA 30035-2011
Decatur metro Census 23507 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2016
3 recorded transactions
2016
$380,000
2007
$289,252
2004
$279,500

Zoning & alternative use

C2 · Decatur, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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