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Property Location

1137 Old Covington Highway SE, Conyers GA 30012

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List Price $300,000

Units 1

Price / Unit $300,000

Est. Year 1 Cash Flow $-12,421 after debt service

1137 Old Covington Highway SE Conyers, GA 30012

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

Prime MxD Development Opportunity – Two Commercial Lots Sold Together. Unlock the potential of this exceptional commercial offering featuring two adjoining lots zoned MxD (Mixed-Use Development)—ideal for investors, developers, and business owners ready to capitalize on a high-growth corridor. Strategic Location - Perfectly positioned with convenient access to Interstate 20 and just minutes from the shopping, dining, and entertainment of Old Town Conyers, this property offers both visibility and accessibility. A high daily traffic count along the corridor provides outstanding exposure for future development. Flexible MxD Zoning - Mixed-Use Development (MxD) zoning allows for a variety of income-producing possibilities, including: Multi-family residential, Retail establishments, Office or professional space. Whether you envision luxury apartments with street-level retail, a professional office complex, or a new flagship business location, the flexibility of MxD zoning supports your vision. Site Highlights - Two lots sold together for expanded development potential, Cleared and mostly flat topography with slight slope for natural drainage, Each lot features its own curb cut for convenient access, Excellent road frontage and strong visibility. Utilities available nearby (buyer to verify) Investment Potential - With strong traffic flow, proximity to major transportation routes, and close access to Conyers’ established commercial and historic districts, these lots are perfectly suited for starting or expanding your business footprint in a thriving market. Don’t miss this rare opportunity to secure a versatile development site in one of Rockdale County’s most accessible commercial corridors. Contact listing office, today, for additional details, zoning information, or to schedule a site visit. Being sold along with adjacent lot Parcel Number C290030007. Both lots have been cleared of any structures.

Investment Notes — Conyers

Located in the Conyers, GA area
Value-add opportunities typically exist through management, renovations, or operational improvements
Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
Actual cash flow depends on occupancy, expenses, financing, and current market conditions

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $300,000 Verified

 Est. Year 1 Cash Flow  $-12,421  after debt service (25% down / 7% / 30-yr)  Modeled   

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. No rent data in this listing — enter your own rent assumptions below. Override any value to model your own scenario.

Assumptions

Purchase Price List Price

Number of Units

Avg Rent / Unit / Month Enter your estimate

Annual Gross Potential Income Editable

Enter rent per unit or total GPI to model returns

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

51%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Conyers. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Inquire for Details.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

Inquire for Details

Jeff’s Investment Take

Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7723096 · Listing courtesy of Dwayne Walker Realty, Charles Dyer · 770-679-9172

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com

FMLS · Updated Daily

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