7218 Covington Hwy Lithonia, GA 30058
For Sale
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M · Lithonia, GALithonia. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.