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Property profile & analytics
OFF-MARKET
Commercial land

7129 Covington Hwy Lithonia, GA 30058-7605

2,410 SF 1.67 ac lot
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US22-1914978
Property summary
AI-generated overview

This exceptional 3.3-acre commercial property presents a remarkable development opportunity in Lithonia, Georgia. Located at the highly visible corner of Covington Highway and Lithonia West Drive, this level lot boasts significant road frontage: 442 feet on Covington Highway and 402 feet on Lithonia West Drive. The C-2 zoning allows for a diverse range of uses, including retail, office, industrial, automotive, communication facilities, and even housing and lodging. The property's prime location ensures high visibility and accessibility, making it ideal for a variety of businesses. This offering includes two parcels, 7129 and 7137 Covington Highway, sold together as a single unit. The site is currently unimproved, providing a blank canvas for a new development. All utilities are available, although independent verification is recommended. This is a rare chance to acquire a substantial commercial parcel in a thriving area with excellent potential for significant return on investment. The high traffic count on both roadways guarantees substantial exposure for any future development. The combined acreage and strategic location make this property a truly exceptional investment opportunity. Don't miss this chance to secure a prime piece of Lithonia real estate.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Total area 2,410 SF
Lot 1.67 ac (72,745 SF)
Zoning code X
APN 16 121 03 019
UPID US22-1914978
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Karim Surani · 3 yrs held
Karim Surani
since 2023
Last sale
$350,000
3 recorded transactions
2023
$350,000
2023
Price N/A
2009
Price N/A
Zoning & alternative use
X · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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