5655 Covington HwyDecatur, GA 30035

  • Land
  • 1,280 SF
For Sale
$1,350,000 View listing

Property Details for 5655 Covington Hwy

Year built
1946
Lot size
2.76 AC
Property size (Sq ft)
1,280 SF
Zone code
C-1
Property type
Land
Property subtype
Commercial land
APN
16 007 01 002
APU
1600701002

Description

This exceptional 4.3-acre commercial land parcel is strategically located at 5655/5675 Covington Highway in Decatur, Georgia, 30035. Situated in DeKalb County, this property offers significant development potential due to its prime location and C-2 zoning. The asking price is $1,350,000, translating to $313,953 per acre, reflecting the high value of this land in a thriving commercial area. The expansive lot size provides ample space for a variety of commercial ventures. Its convenient access to Interstates 20 and 285 ensures excellent visibility and accessibility for potential businesses and customers. This property is being sold together with the adjacent 5675 Covington Highway parcel, offering a combined opportunity for large-scale development or expansion. The C-2 zoning allows for a wide range of commercial uses, making this a highly versatile investment opportunity. This location offers significant potential for growth and return on investment in a rapidly developing area of Decatur. Serious inquiries are encouraged to explore the possibilities this exceptional property presents.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $314,799
    Hospitality
    $288,354
    Educational
    $239,907
    Medical
    $248,158
    Retail
    $373,189
5655 Covington Hwy, Decatur, Georgia

Location Insight

City
Decatur
County
Dekalb
State
Georgia
Latitude
33.7263
Longitude
-84.1851
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$31,362
$370,000
-
$370,000
-
$925,000
-
$925,000

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