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    8430 Covington Hwy Lithonia, GA 30058

    For Sale
    $3,950,000

    5-acre industrial property, 3 buildings, I-20 access.

    Property size:
    17,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 17,000-square-foot industrial property, situated on a 5-acre lot in Lithonia, Georgia, presents a compelling investment opportunity. The property boasts three distinct buildings strategically positioned off Covington Highway, less than half a mile from Interstate 20, ensuring excellent accessibility. The zoning is designated as Heavy Industrial, allowing for a wide range of potential uses. The buildings offer a diverse range of spaces, ideal for various industrial operations. Building one comprises 3,500 square feet, featuring a 30'x40' office and a 40'x40' shop with two 11'w x 12'h drive-in doors. Building two, a 6,000-square-foot drive-through structure, includes an 80'x80' shop with a reception area, tool lock-up, and five 12'w x 14'h drive-in doors. Finally, Building three offers 7,500 square feet, encompassing a 75'x40' shop with four 12'w x 13'h drive-in doors, an office, and a small bay warehouse space measuring 40'x95'. Three separate entrances from Covington Highway provide convenient access to all buildings. The asking price for this prime industrial property is $3,950,000.

    Property Features for 8430 Covington Hwy

    General Information

    Property type
    Industrial properties
    Square Feet
    17,000 SF
    Lot Size
    217,800 SF

    Building Details

    Buildings
    3

    HighLights

    • $3,950,000 asking price for this Lithonia, GA industrial property.
    • 17,000 square feet across three buildings on a 5‑acre lot.
    • Heavy industrial zoning in DeKalb County.
    • Excellent I‑20 access (less than half a mile).
    • Three separate Covington Highway entrances.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Trailer Rental Service Eastside Collision & Car ... Auto Parts Store Troupe's BMW Plus ... Mechanic

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Wholesale Shop Dental Office Spa & Massage Auto Repair Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.083303
    Latitude
    33.701286

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    FAQs

    What type of property is this?
    Industrial property - 5-acre industrial property, 3 buildings, I-20 access.
    Where is this industrial property located?
    The property is located at 8430 Covington Hwy Lithonia, GA.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: $3,950,000 asking price for this Lithonia, GA industrial property.; 17,000 square feet across three buildings on a 5-acre lot.; Heavy industrial zoning in DeKalb County.
    Request Owner's contact information
    8430 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
    8430 Covington Hwy Lithonia, GA 30058
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