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    7218 Covington Hwy Lithonia, GA 30058

    For Sale
    $1,200,000

    0.98-acre prime commercial lot in Stonecrest.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 0.98-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Stonecrest, Georgia. Located at the highly visible, signalized intersection of Covington Highway and Lithonia Industrial Boulevard, this property boasts exceptional visibility and accessibility. With a combined daily traffic count exceeding 39,600 vehicles (27,900 VPD on Covington Highway and 11,700 VPD on Lithonia Industrial Boulevard), this site guarantees significant exposure for any business. The property's M/Light Industrial zoning allows for a diverse range of uses, making it ideal for a single-tenant user. Suggested uses include, but are not limited to, automotive-related businesses, quick-service restaurants (QSRs), and car washes. The site's proximity to a recently opened QuikTrip further underscores its prime location and desirability. The lot is capable of supporting a 6,000 square foot building. 2022 property taxes totaled $1,310.72. Detailed permitted uses under the M/Light Industrial zoning are available via a provided link to the city of Stonecrest's Municode. This is a rare opportunity to acquire a strategically located commercial lot in a rapidly growing area. The property's size, visibility, and zoning make it an attractive investment for developers and businesses alike. The address is 7218 Covington Hwy, Lithonia, GA 30058, with APN 16-121-04-004. The property is owned by a Georgia limited liability company.

    Property Features for 7218 Covington Hwy

    General Information

    Property type
    Land
    Lot Size
    42,689 SF

    HighLights

    • 6,000 square foot building potential.
    • 2022 property taxes: $1,310.72.
    • M‑1 Industrial zoning.
    • 0.98‑acre lot.
    • Permitted uses available via provided link.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -84.1237026
    Latitude
    33.7143267

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    FAQs

    What type of property is this?
    Land - 0.98-acre prime commercial lot in Stonecrest.
    Where is this land located?
    The property is located at 7218 Covington Hwy Lithonia, GA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 6,000 square foot building potential.; 2022 property taxes: $1,310.72.; M-1 Industrial zoning.
    (404) 812-4009
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    7218 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
    7218 Covington Hwy Lithonia, GA 30058
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