3849 Panola RdStonecrest, GA 30038

  • Retail properties
  • 2,356 SF
For Sale
$1,995,000 View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
3849 Panola Rd, Stonecrest, Georgia

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

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
$7,309
$77,800
$81,840
$159,640
-
$194,500
$204,600
$399,100

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