5027 Austell RdAustell, GA 30106

Property Details for 5027 Austell Rd

Lot size

1.29 AC

Zone code

PSC

Property type

Community centers

APN

19115500460

APU

19115500460

Description

This exceptional investment opportunity presents a prime 1.29-acre commercial parking lot located at 5027 Austell Road in Austell, Georgia. Currently boasting 63 parking spaces, this fully fenced lot offers secure 24-hour access via multiple gates. The property's significant advantage lies in its proven profitability, generating a consistent monthly income exceeding $10,000. This established revenue stream provides immediate returns for investors, with significant potential for future growth. The existing infrastructure is well-maintained and ready for immediate use. The substantial lot size also presents a unique opportunity to expand the parking capacity by fencing in additional areas, further increasing revenue generation. This translates to a substantial increase in the property's overall value and return on investment. The property's strategic location in Austell, GA, offers excellent accessibility and visibility, making it an attractive option for businesses and individuals seeking convenient parking solutions. This is a rare chance to acquire a high-performing, income-producing asset with considerable upside potential. The property is priced at $799,500, reflecting its strong financial performance and future growth prospects. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $17,523,900

  6.5%

  $16,175,907

  7%

  $15,020,486

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,136,038

  Geo Method

  $27,705,300

• Alternative Use

  Use

  Valuation

  Residential

  $13,644,983

  Hospitality

  $12,498,731

  Educational

  $10,398,798

  Medical

  $10,756,428

  Retail

  $16,175,907

Location Insight

City

Austell

County

Cobb

State

Georgia

Latitude

33.8312

Longitude

-84.6117

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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