3849 Panola RdStonecrest, GA 30038

Property Details for 3849 Panola Rd

Year built

2019

Lot size

1.24 AC

Property size (Sq ft)

2,356 SF

Zone code

C1

Property type

Auto shops

APN

16 020 01 013

APU

1602001013

Description

This exceptional investment opportunity presents a fully operational, three-bay auto and tire shop ideally situated in Stonecrest, Georgia. The property encompasses a 1.24-acre lot with a 2,356 square foot main building constructed in 2019, boasting 168 feet of road frontage on Panola Road. The shop features three bays with overhead doors, facilitating easy access for vehicle servicing. Included in the sale is a substantial amount of equipment, including a large lift, wheel alignment machine, and two tire changing machines. Beyond the main building, the property includes two additional 900 square foot shops, perfect for storage or expansion, constructed on concrete slabs. A fenced perimeter enhances security and privacy. The interior comprises a well-appointed office area with a lobby, bathroom, and ample storage space. A smaller shed provides additional storage capacity. The property is zoned C1, allowing for versatile commercial use. Its prime location offers convenient access to Highway 212 and Panola Road, with close proximity to Highway 20 and Snapfinger Road, ensuring high visibility and accessibility. The area is characterized by a thriving commercial landscape, including numerous retail outlets, restaurants, and automotive businesses. The nearby Stonecrest Mall and recent residential developments contribute to a strong customer base. This turnkey operation is ready for immediate occupancy and presents a rare opportunity for a savvy investor or owner-operator. The asking price is $1,995,000.

• CAP approach

  CAP return

  Valuation

  6%

  $744,143

  6.5%

  $686,901

  7%

  $637,837

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,158,095

  Geo Method

  $1,158,095

• Alternative Use

  Use

  Valuation

  Residential

  $579,427

  Hospitality

  $530,752

  Educational

  $441,579

  Medical

  $456,766

  Retail

  $686,901

Location Insight

City

Lithonia

County

Dekalb

State

Georgia

Latitude

33.6722

Longitude

-84.1796

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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