1128 West Ave 4,515 SF 76% Leased Retail Building Conyers, GA 30012 $1,425,360 CAD ($315.69 CAD/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Income producing asset.
- Less than a quarter mile from I-20 on ramps.
- Grandfathered zoning code BG, non-conforming ordinance per The City of Conyers.
- Adjacent to signalized intersection West Avenue SW and West Circle SW with 16,000 VPD.
- Property includes 2 workshops , wash bay and office on site.
EXECUTIVE SUMMARY
Great investment opportunity! This property already cash flows from the three businesses that rent on this property! It is located in the city limits of Conyers Ga! Seconds off of I-20 West Ave exit! Heavy traffic all day long! Great option for a 1031 exchange client. Call today!
Chris Hightower 678-859-8618.
Chris Hightower 678-859-8618.
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$78,603
|
$17.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$78,603
|
$17.41
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,016
|
$0.45
|
| Net Operating Income |
$76,587
|
$16.96
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Building Size
4,515 SF
Building Class
C
Year Built
1989
Price
$1,425,360 CAD
Price Per SF
$315.69 CAD
Cap Rate
9%
NOI
$128,282 CAD
Percent Leased
76%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
1.15 AC
Zoning
BG - Grandfathered automotive, Surrounded by C-2
Parking
30 Spaces (6.64 Spaces per 1,000 SF Leased)
Frontage
99’ on West Ave
AMENITIES
- Pylon Sign
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- B
- 1,080 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| B | 1,080 SF | Retail | - | Now |
B
| Size |
| 1,080 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | C16-0-01-0014 | Improvements Assessment | $51,762 CAD (2024) |
| Land Assessment | $185,658 CAD (2024) | Total Assessment | $237,421 CAD (2024) |
