1128 West Ave
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1128 West Ave
4,515 SF 100% Leased Retail Building Conyers, GA 30012 $1,000,000 ($221/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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$55,200
|
$12.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$55,200
|
$12.23
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,416
|
$0.31
|
| Net Operating Income |
$53,784
|
$11.91
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $55,200 |
| Annual Per SF | $12.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $55,200 |
| Annual Per SF | $12.23 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,416 |
| Annual Per SF | $0.31 |
| Net Operating Income | |
|---|---|
| Annual | $53,784 |
| Annual Per SF | $11.91 |
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
$1,000,000
Price Per SF
$221
Cap Rate
9%
NOI
$90,000
Percent Leased
100%
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 FT on West Ave
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | C16-0-01-0014 | Improvements Assessment | $36,200 (2024) |
| Land Assessment | $129,840 (2024) | Total Assessment | $166,040 (2024) |
PROPERTY TAXES
Parcel Number
C16-0-01-0014
Land Assessment
$129,840 (2024)
Improvements Assessment
$36,200 (2024)
Total Assessment
$166,040 (2024)
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1128 West Ave
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