1662 Highway 138Conyers, GA 30013

Property Details for 1662 Highway 138

Year built

1984

Construction

STEEL FRAME

Lot size

0.58 AC

Property size (Sq ft)

7,800 SF

Zone code

C2

Property type

Auto shops

APN

069-0-01-0089

APU

690010089

Description

This exceptional Conyers, Georgia retail investment opportunity is priced at $1,200,000. Situated on 1.15 acres at 1662 Highway 138 NE, this property boasts two buildings constructed in 1984 and currently houses a thriving automotive maintenance business. The location is prime, situated on one of the busiest streets in the Metro Atlanta area, ensuring high visibility and substantial traffic counts. The property features a security fence encompassing the rear half of the buildings, providing added security. Both buildings are available for sale together or separately, offering flexibility for expansion or immediate rental income generation. Ample paved parking is available, along with a secure fenced rear area. The property is zoned C-2, presenting a multitude of potential uses. Tax ID numbers are 0690010089 (1662 Highway 138 NE) and 0690010090 (1672 Highway 138 NE). This is a rare chance to acquire a well-established, income-producing property in a high-demand location. Don't miss this opportunity to capitalize on the strong potential of this established business and its prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,463,630

  6.5%

  $2,274,120

  7%

  $2,111,683

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,834,099

  Geo Method

  $3,834,099

• Alternative Use

  Use

  Valuation

  Residential

  $1,918,305

  Hospitality

  $1,757,158

  Educational

  $1,461,934

  Medical

  $1,512,212

  Retail

  $2,274,120

Location Insight

City

Conyers

County

Rockdale

State

Georgia

Latitude

33.6652

Longitude

-83.9939

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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