4869 Covington Hwy - Freestanding FOR SALE


Decatur, GA 30035
$1,700,000 USD
706-718-1159
4869 Covington Hwy, Decatur, GA for Sale
$1,700,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

4869 Covington Hwy
Decatur, GA 30035


HIGHLIGHTS

  • Strategic Location & High Traffic
  • Immediate Value-Add Opportunity
  • Below-Market Rents

OVERVIEW

This 8-unit neighborhood retail center in Decatur, Georgia, presents a value-add opportunity offering both stable in-place income and upside potential. Strategically positioned with convenient access to Interstate 285 and Interstate 20, the property benefits from strong visibility and accessibility, supported by traffic counts of 35,000 +/- daily vehicles per day. The center features a diverse tenant mix, including a fully built-out restaurant space equipped with a 1,000+ gallon underground grease trap. The property currently has one vacancy, providing an immediate value-add opportunity. The site has 35 parking spaces located at both the front and rear of the property, in addition to a multi-tenant pylon sign that enhances tenant exposure. Secure rear private gate supports operational convenience. Current rental rates are below market. For more information call Chase Wright 404.502.7756

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$228 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

C1

APN/PARCEL ID

15-163-05-047

ASK ABOUT THIS PROPERTY

Jeff KoonStratus Property GroupMore Info
706-718-1159

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Jeff KoonStratus Property GroupMore Info
706-718-1159

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.