1358 Manchester DrConyers, GA 30012

Property Details for 1358 Manchester Dr

Year built

1996

Construction

WOOD

Lot size

2.39 AC

Property size (Sq ft)

23,254 SF

Zone code

OI

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

067-0-01-0023

APU

670010023

Description

This exceptional 23,625 square foot commercial building, situated on a 2.39-acre lot at 1358 Manchester Drive NE in Conyers, Georgia, presents a unique investment opportunity. Previously operating as an assisted living facility, the property is ideally positioned within a thriving medical corridor. Its proximity to key healthcare providers, including Piedmont Rockdale Hospital, numerous doctors' offices, and hospice care facilities, offers significant potential for continued use within the healthcare sector or adaptive reuse for a variety of commercial purposes. The building is offered in as-is condition and is priced competitively at $1,500,000 to facilitate a swift sale. The substantial square footage and ample land provide considerable flexibility for redevelopment or renovation to suit a diverse range of business needs. Given its location and existing infrastructure, this property represents a compelling investment prospect for savvy buyers seeking a high-return opportunity in a rapidly growing area. The property's current condition is fair, reflecting its potential for improvement and customization to meet specific operational requirements. Serious inquiries are encouraged to explore the possibilities this prime Conyers location offers. The property's strategic placement within the medical community makes it an attractive option for businesses seeking synergy with existing healthcare providers. The large lot size also allows for potential expansion or the addition of complementary structures.

• CAP approach

  CAP return

  Valuation

  6%

  $5,727,600

  6.5%

  $5,287,020

  7%

  $4,909,370

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,672,000

  Geo Method

  $4,672,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,965,940

  Retail / Commercial

  $5,174,090

  Mixed-Use / Specialty

  $5,205,770

  Hospitality / Lodging

  $3,884,570

  Office

  $5,227,050

  Institutional / Educational

  $5,429,820

  Residential Income

  $6,352,890

  Multifamily

  $7,341,430

  Automotive / Energy

  $4,654,130

  Parking / Income-Based Land

  $1,556,560

  Restaurant / Food Service

  $2,814,540

Location Insight

City

Conyers

County

Rockdale

State

Georgia

Latitude

33.6789

Longitude

-83.995

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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