1902 Old Covington HwyConyers, GA 30012

Property Details for 1902 Old Covington Hwy

Year built

1955

Construction

WOOD

Lot size

1.07 AC

Property size (Sq ft)

3,215 SF

Zone code

M1

Property type

Office properties

Property subtype

Office buildings

APN

023-0-02-0022

APU

230020022

Description

This exceptional 3,215 square foot commercial building presents a rare investment opportunity in the thriving Conyers, Georgia market. Situated on a 1.07-acre lot, this all-brick structure offers ample parking for tenants and visitors. Currently, two established businesses occupy the ground floor, generating immediate rental income. The upper level provides significant additional space, ideal for expansion of existing operations, accommodating a new tenant, or serving as owner-occupied space. The building's versatile layout includes a dedicated conference room, a convenient storage room, a comfortable breakroom, a welcoming receptionist area, and five well-appointed bathrooms. The property's location in Conyers offers excellent visibility and accessibility, making it an attractive proposition for a variety of businesses. Its features are particularly well-suited for professional services, such as real estate or legal offices, or executive suites. This turnkey investment promises strong returns and long-term growth potential in a desirable commercial area. The asking price is $425,000. Don't miss this chance to acquire a high-quality commercial property with established income and significant upside.

• CAP approach

  CAP return

  Valuation

  6%

  $690,788

  6.5%

  $637,650

  7%

  $592,104

• Comparable approach

  Method

  Valuation

  Relative Method

  $627,118

  Geo Method

  $627,118

• Alternative Use

  Use

  Valuation

  Residential

  $790,686

  Hospitality

  $724,264

  Educational

  $602,579

  Medical

  $623,303

  Retail

  $937,346

Location Insight

City

Conyers

County

Rockdale

State

Georgia

Latitude

33.6743

Longitude

-84.0505

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].