7173 Covington Hwy Lithonia, GA 30058
Property profile & analytics
7173 Covington Hwy Lithonia, GA 30058
- Warehouses
- 11,280 SF
- 0.58 lot acres
Property ID
US22-1383982
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Alloy Welding Co. / General Contractor
- FOOD MART CONVENIENCE STORE / Grocery & Convenience Store
- Dels Kitchen Soul Food / Restaurant
- Salon Moodz / Hair Salon / Nail Salon
- Fabuless Nails / Nail Salon
Property Details for 7173 Covington Hwy
- Year built
- 1968
- Construction
- WOOD FRAME
- Lot size
- 0.58 lot acres
- Property size
- 11,280 SF
- Zone code
- M
- Property type
- Warehouses
- APN
- 16 121 03 013
- APU
- 1612103013
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lithonia
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.1255
- Latitude
- 33.714
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$15,792
$10,052
$330,188
$340,240
-
$25,130
$825,470
$850,600
