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    7129 Covington Hwy Lithonia, GA 30058

    For Sale
    $900,000

    Prime 3.3-acre commercial lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3.3-acre commercial land parcel presents a remarkable development opportunity in Lithonia, Georgia. Located at 7129 Covington Highway, this property boasts an enviable position at the highly trafficked intersection of Covington Highway and Lithonia West Drive, offering unparalleled visibility for any commercial venture. The lot is zoned C-2, allowing for a wide range of uses including retail, self-storage (including outdoor facilities), office space, light industrial, automotive businesses, communication infrastructure, and even housing or lodging. The property features significant road frontage: approximately 442 linear feet on Covington Highway and 402 linear feet on Lithonia West Drive. The land itself is level and easily accessible, making it ideal for construction. This offering comprises two parcels, 7129 and 7137 Covington Highway, sold together. All utilities are available, subject to independent verification by the prospective buyer. The asking price for this exceptional property is $900,000. The property's APN is 16-121-03-019. This is a rare opportunity to acquire a substantial, highly visible commercial lot in a rapidly growing area. Don't miss out on this chance to build your business in a prime location.

    Property Features for 7129 Covington Hwy

    General Information

    Property type
    Land
    Lot Size
    143,748 SF

    HighLights

    • 3.3‑acre site
    • C‑2 zoning
    • High‑traffic, highly visible corner lot
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.12679
    Latitude
    33.715584

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    FAQs

    What type of property is this?
    Land - Prime 3.3-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at 7129 Covington Hwy Lithonia, GA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 3.3-acre site; C-2 zoning; High-traffic, highly visible corner lot
    Request Owner's contact information
    7129 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
    7129 Covington Hwy Lithonia, GA 30058
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