Commercial Land with Restaurant
For Sale
$375,000
6651-5 Hillandale Drive, Lithonia, GA 30058
C-1 commercial site with utilities, paved parking, and an in-ground grease trap for food-service or other commercial uses.
Property Size2,019 SF
Days on Market50
Property Features for 6651-5 Hillandale Drive
General Information
Standard status
Active
Size
2,019 SF
Property subtype
Commercial
Amenities
0.49 acres, City Lot
Public Sewer
Parcel Number: 16 138 03 033, Annual Amount: $2,535, Year: 2024
Listing ID: 10847367, Standard Status: Active, MLS Status: Active, On market as of 2026-09-16, 48 days on market
Parking Lot
Built in 2019, Construction Materials: Brick
County/Parish: DeKalb
Fixer
Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Water Source: Public
Close Of Escrow
Building Details
Building Size
2,019 SF
Year Built
2019
Listing Agency:
Cross Creek Realty
(404) 355-2833
Listed By:
Lance L Hammonds · License #394715
(678) 485-3118
Source:
Blackstreaminternational
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 3 at 7:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cross Creek Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 0.49-acre commercial site carries C-1 zoning and includes existing commercial improvements, paved parking, utility service, and an in-ground grease trap. The property was built in 2019 and has previously supported restaurant and cigar lounge operations, providing an established commercial setting for redevelopment or continued business use.
The site is positioned near Evan Mill Road, I-20, and Covington Highway, with access to the Mall at Stonecrest and a surrounding retail, restaurant, hotel, and entertainment district. Potential uses identified for the property include restaurant, quick-service, retail, service, and entertainment concepts, subject to City Approval.
The site is positioned near Evan Mill Road, I-20, and Covington Highway, with access to the Mall at Stonecrest and a surrounding retail, restaurant, hotel, and entertainment district. Potential uses identified for the property include restaurant, quick-service, retail, service, and entertainment concepts, subject to City Approval.
Key Highlights
- 0.49‑acre C‑1 commercial site
- In‑ground grease trap already installed
- Paved parking and utilities in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,446
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,920
$648.9K
Cap Rate 7%
$463,514
$463.5K
Cap Rate 9%
$360,511
$360.5K
Market Conditions
NOI Build-Up for 2,019 SF
Gross rent
$46.5K $23.04/SF
− Vacancy
−$3.3K −$1.61/SF
EGI
$43.3K $21.43/SF
− OpEx
−$10.8K −$5.36/SF
NOI
$32.4K $16.07/SF
Area
DeKalb County, GA
Vacancy
7.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,920
Cap Rate 7%
$463,514
Cap Rate 9%
$360,511
Alternative Uses
Best Use
Specialty Retail
$463.5K
$405.6K – $540.8K
NOI $32,446 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$564.4K
$493.8K – $658.5K
NOI $39,507 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
Business Placement
Demographics for 30058, GA
59,445
Population
23,671
Households
2.5
Avg Household Size
36
Median Age
30%
College-Educated
90%
High-School Grad
30.5 sq mi
ZIP Area
1,949
Density / Sq Mi
$62,633
Median Household Income
$36,992
Median Earnings
$1,478
Median Rent
$221,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - C-1 commercial site with utilities, paved parking, and an in-ground grease trap for food-service or other commercial uses.
Where is this commercial land located?
The property is located at 6651-5 Hillandale Drive Lithonia, GA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 0.49‑acre C‑1 commercial site; In‑ground grease trap already installed; Paved parking and utilities in place
