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7173 Covington Hwy Lithonia, GA 30058

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For Sale
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High-yield, multi-tenant industrial flex space.

Property size:
20,000 SF

Property Features for 7173 Covington Hwy

General Information

Property type
Manufacturing properties
Square Feet
20,000 SF

Building Details

Year Built
1968

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Listing Contact
Lasha Kortava
Lasha Kortava

Listing Agency: Sands Investment Group Listing Agent: Lasha Kortava

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Alloy Welding Co. General Contractor FOOD MART CONVENIENCE ... Grocery & Convenience Store Dels Kitchen Soul ... Restaurant Salon Moodz Hair Salon Fabuless Nails Nail Salon

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

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.
(858) 212-7473 Call to check price and availability
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