1900 Panola Road, Lithonia, GA 30058
- Added:
- Feb 23, 2026
- Days on Market:
- 109
- Last Refresh:
- Jun 12 at 3:06 am
Property Features for 1900 Panola Road
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 16 038 05 001
- Lot size
- 1.87 Acres
Taxes and HOA fees
- Tax Year
- 24
- Tax Annual Amount
- 2705
Utilities
- Utilities
- Water Available
- Water source
- Public
Listing agent Phyllis A Minter License #31737 (770) 256-8168
Listing office Keller Williams Atlanta Classic 3800 Camp Creek Parkway, Bldg. 1800, Suite 100, Atlanta, GA (404) 564-9500
Listing date Feb 23, 2026
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 5.03‑acre property on Panola Road with three parcels sold together
- Approximately 274 feet of frontage on Panola Road in Lithonia, GA
- 4,389 SF assembly/meeting facility with a large sanctuary, media room, meeting room, multiple offices/classrooms, and commercial‑sized kitchen
- 1,120 SF ranch home with 3 bedrooms, 1 bathroom, and a screened sunroom
- Water available from public water source
- Convenient access with less than 2 miles to I‑20 and Covington Highway and less than 6 miles to I‑285
Overview
The site consists of three parcels being sold together, totaling 5.03 acres, with approximately 274 feet of frontage on Panola Road. Access is described as convenient to I-20, I-285, and Covington Highway, supporting a variety of institutional, community, and redevelopment concepts.
For churches, schools, and other community organizations, the existing assembly and classroom-style rooms can support ongoing programming while plans are evaluated for expansion or adaptive reuse. For owner-users and developers, the combination of acreage, frontage, and the current mix of assembly, meeting, and residential space provides flexibility for future redevelopment scenarios based on the needs of the next operator or buyer.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.3k | $26.04 |
| − Vacancy | −$7.1k | −$1.61 |
| EGI | $107.2k | $24.43 |
| − OpEx | −$48.2k | −$10.99 |
| NOI | $59.0k | $13.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lithonia
- County
- DeKalb
- State
- Georgia
- Longitude
- -84.1675684
- Latitude
- 33.7353407
