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1494 Old Salem Rd 8,538 SF Retail Building Conyers, GA 30013 $2,100,000 ($245.96/SF) 7.69% Cap Rate
Investment Highlights
- Heavy Day Time traffic
- Heart of Conyers Ga.
- Seconds from Georgia Interstate 20
Executive Summary
"High Demand Auto Corridor"
Strategic Location: Positioned directly within Conyers’ high-demand auto corridor with immediate access to I-20, Highway 138, and Sigman Road.Proven Performance: Features a flawless track record of 100% historical occupancy, ensuring stable, reliable cash flow.Turn-Key Infrastructure: Well-maintained 8,538 SF automotive facility equipped with five drive-in overhead bay doors.Flexible Zoning: Zoned C2 (General Commercial), allowing for a diverse range of high-yield retail and vehicle-related uses.Value-Add Potential: Capitalize on immediate redevelopment options and ample physical room for building expansion.Flexible Acquisition: Owner-operator or passive investment play with attractive Seller Financing available through the listing broker.
Strategic Location: Positioned directly within Conyers’ high-demand auto corridor with immediate access to I-20, Highway 138, and Sigman Road.Proven Performance: Features a flawless track record of 100% historical occupancy, ensuring stable, reliable cash flow.Turn-Key Infrastructure: Well-maintained 8,538 SF automotive facility equipped with five drive-in overhead bay doors.Flexible Zoning: Zoned C2 (General Commercial), allowing for a diverse range of high-yield retail and vehicle-related uses.Value-Add Potential: Capitalize on immediate redevelopment options and ample physical room for building expansion.Flexible Acquisition: Owner-operator or passive investment play with attractive Seller Financing available through the listing broker.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,538 SF
Building Class
C
Year Built/Renovated
1974/2015
Price
$2,100,000
Price Per SF
$245.96
Cap Rate
7.69%
NOI
$161,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.98 AC
Zoning
C2 - C2
Parking
20 Spaces (2.34 Spaces per 1,000 SF Leased)
Frontage
182’ on Old Salem Rd
Amenities
- 24 Hour Access
- Freeway Visibility
- Security System
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- MegaWorks Autocenter
- Services
- 8,538 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| MegaWorks Autocenter | Services | 8,538 SF | - | Triple Net | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 075-0-01-007G | Improvements Assessment | $179,800 |
| Land Assessment | $53,800 | Total Assessment | $233,600 |
Property Taxes
Parcel Number
075-0-01-007G
Land Assessment
$53,800
Improvements Assessment
$179,800
Total Assessment
$233,600
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1494 Old Salem Rd