4889 Covington HwyDecatur, GA 30035

Property Details for 4889 Covington Hwy

Year built

1960

Lot size

0.48 AC

Property size (Sq ft)

4,331 SF

Zone code

C2

Property type

Retail properties

Property subtype

Auto shops

APN

15 163 03 042

APU

1516303042

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,367,946

  6.5%

  $1,262,720

  7%

  $1,172,526

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,128,908

  Geo Method

  $2,128,908

• Alternative Use

  Use

  Valuation

  Residential

  $1,065,151

  Hospitality

  $975,673

  Educational

  $811,748

  Medical

  $839,666

  Retail

  $1,262,720

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Latitude

33.7347

Longitude

-84.2148

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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