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    7173 Covington Hwy Lithonia, GA 30058

    Sponsored
    For Sale
    $3,500,000

    High-yield, multi-tenant industrial flex space.

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 20,000-square-foot mini-mall in Lithonia, Georgia, presents a compelling investment opportunity. Located at 7173 Covington Hwy, 30058, this 100% occupied property boasts 16 established tenants, including diverse businesses such as a U-Haul store, hair salons, restaurants, and retail shops. Built in 1968, the property offers a strong 7.16% cap rate with a net operating income (NOI) of $250,530 and an asking price of $3,500,000 ($175/sq ft). The property features ample parking (160 spaces) and high visibility due to its strategic location on Covington Highway, between Donna Lisa Drive and Lithonia Industrial Boulevard. Large signage ensures excellent visibility for both the property and its tenants. The property's multi-tenant structure, diverse tenant mix, and high occupancy rate contribute to its strong financial performance and make it an attractive investment for those seeking a stable, high-yield asset in a prime location. The property is classified as industrial, with subtypes including distribution, flex, and manufacturing, offering flexibility for a variety of uses. This modified lease property provides a stable income stream and significant potential for future growth. The property's location offers easy access and high visibility, making it an ideal investment opportunity.

    Property Features for 7173 Covington Hwy

    General Information

    Property type
    Manufacturing properties
    Square Feet
    20,000 SF

    Building Details

    Year Built
    1968

    HighLights

    • Prime Covington Highway location between Donna Lisa Drive and Lithonia Industrial Boulevard.
    • High visibility mini‑mall with excellent street exposure.
    • Large signage ensures high visibility for the property and tenants.
    • Convenient access and high occupancy make this a strong investment opportunity.
    • 20,000 SF mini‑mall, 100% occupied with 16 stores, 3 booths, and 160 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alloy Welding Co. Welder FOOD MART CONVENIENCE ... Convenience Store Dels Kitchen Soul ... Restaurant Salon Moodz Beauty Salon Fabuless Nails Nail Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.1257646
    Latitude
    33.7145338

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    FAQs

    What type of property is this?
    Manufacturing property - High-yield, multi-tenant industrial flex space.
    Where is this manufacturing property located?
    The property is located at 7173 Covington Hwy Lithonia, GA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Prime Covington Highway location between Donna Lisa Drive and Lithonia Industrial Boulevard.; High visibility mini-mall with excellent street exposure.; Large signage ensures high visibility for the property and tenants.
    Request Owner's contact information
    7173 Covington Hwy Lithonia, GA 30058
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7173 Covington Hwy Lithonia, GA 30058
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