4355 Covington HwyDecatur, GA 30035

  • Office properties
  • 1,380 SF
For Lease
$24.35/SF/YR View listing

Property Details for 4355 Covington Hwy

Year built
1956
Lot size
2.00 AC
Property size (Sq ft)
1,380 SF
Zone code
OD
Property type
Office properties
Property subtype
Office buildings
APN
15 196 03 010
APU
1519603010

Description

This exceptional 1,403 square foot commercial property, located at 4355 Covington Highway in Decatur, Georgia, presents a unique investment opportunity. The single-tenant office building is situated in a high-traffic area of DeKalb County, offering excellent visibility and accessibility. Its strategic location near I-285 ensures convenient access to major transportation arteries, including the Indian Creek MARTA station, facilitating seamless commutes for employees and clients. The property benefits from its proximity to the vibrant Decatur Square, a renowned destination for dining and entertainment, and the recreational attractions of Stone Mountain Park. This combination of convenient location, ample space, and strong surrounding amenities makes this property ideal for a variety of businesses seeking a thriving commercial environment within easy reach of downtown Atlanta. The property is classified as both Office and Land, offering potential for future development or expansion. The single-suite building provides a self-contained and efficient workspace. This is a rare opportunity to acquire a well-positioned commercial property in a highly desirable and rapidly developing area of metro Atlanta. The property's location on one of DeKalb County's busiest streets ensures high visibility and potential for significant foot traffic. This makes it an attractive option for businesses seeking a strong presence in a bustling commercial district.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $296,512
    6.5%
    $273,704
    7%
    $254,153
  • Comparable approach

    Method
    Valuation
    Relative Method
    $269,183
    Geo Method
    $269,183
  • Alternative Use

    Use
    Valuation
    Residential
    $339,392
    Hospitality
    $310,882
    Educational
    $258,650
    Medical
    $267,545
    Retail
    $402,344
4355 Covington Hwy, Decatur, Georgia

Location Insight

City
Decatur
County
Dekalb
State
Georgia
Latitude
33.748
Longitude
-84.2267
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
$4,987
$85,360
$22,360
$107,720
-
$213,400
$55,900
$269,300

FAQs

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