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Property profile & analytics
FOR SALE
Specialty properties

7218 Covington Hwy Lithonia, GA 30058

3,952 SF 1.18 ac lot Built 1956
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US22-1084502
7218 Covington Hwy, Lithonia, GA 30058 For Sale
$1,200,000 3,952 SF
7218 Covington Hwy, Lithonia, GA 30058
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Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 1956
Total area 3,952 SF
Lot 1.18 ac (51,401 SF)
Zoning code M
APN 16 121 04 001
UPID US22-1084502
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
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Owner & transaction history
Dekalb Realty LLC · 8 yrs held
Dekalb Realty LLC
since 2017
7 recorded transactions
2017
$95,000
2005
$180,000
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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