3941 Covered Bridge RdSmyrna, GA 30082

Property Details for 3941 Covered Bridge Rd

Year built

1959

Lot size

0.73 AC

Property size (Sq ft)

1,805 SF

Zone code

R-15

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

17009700070

APU

17009700070

Description

This exceptional investment opportunity presents a fully operational, three-building daycare campus totaling 10,400 square feet, situated on 3.07 acres in Smyrna, Georgia. The property includes three renovated units, each with its own fenced area, providing ample space for children. Features include a large playground, a separate pool area, and recently updated interiors with new vinyl flooring, AC furnaces, awnings, vanity cabinets, sinks, kitchens, and bathrooms. The main building, located at 395 Russell Drive, boasts 5,500 square feet and a spacious basement. Two additional buildings, situated at 3941 and 3951 Covered Bridge Place, offer 2,200 and 3,100 square feet respectively. The campus is conveniently located across from Russell Elementary School, benefiting from high visibility and accessibility. The property is zoned C, allowing for retail or commercial use, and has a licensed capacity for 180 children. The buildings were renovated in 2020. This turnkey operation is vacant and ready for immediate occupancy on May 2, 2024. The asking price is $1,495,000, translating to $143.75 per square foot. This represents a compelling opportunity for owner-users seeking a well-established daycare center in a prime location. The property's extensive renovations, ample outdoor space, and strategic location make it an attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $397,664

  6.5%

  $367,074

  7%

  $340,854

• Comparable approach

  Method

  Valuation

  Relative Method

  $302,846

  Geo Method

  $352,083

• Alternative Use

  Use

  Valuation

  Residential

  $455,172

  Hospitality

  $416,935

  Educational

  $346,885

  Medical

  $358,815

  Retail

  $539,599

Location Insight

City

Smyrna

County

Cobb

State

Georgia

Latitude

33.8584

Longitude

-84.5672

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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