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Property profile & analytics
OFF-MARKET
Auto shops

8430 Covington Hwy Lithonia, GA 30058-4259

4,040 SF 5.03 ac lot Built 1974
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US22-1810166
Property summary
AI-generated overview

This exceptional 17,000-square-foot industrial property, situated on a 5-acre lot in Lithonia, Georgia, presents a compelling investment opportunity. The property boasts three distinct buildings strategically positioned off Covington Highway, less than half a mile from Interstate 20, ensuring excellent accessibility. The zoning is designated as Heavy Industrial, allowing for a wide range of potential uses. The buildings offer a diverse range of spaces, ideal for various industrial operations. Building one comprises 3,500 square feet, featuring a 30'x40' office and a 40'x40' shop with two 11'w x 12'h drive-in doors. Building two, a 6,000-square-foot drive-through structure, includes an 80'x80' shop with a reception area, tool lock-up, and five 12'w x 14'h drive-in doors. Finally, Building three offers 7,500 square feet, encompassing a 75'x40' shop with four 12'w x 13'h drive-in doors, an office, and a small bay warehouse space measuring 40'x95'. Three separate entrances from Covington Highway provide convenient access to all buildings. The asking price for this prime industrial property is $3,950,000.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1974
Total area 4,040 SF
Lot 5.03 ac (219,107 SF)
Zoning code M2
APN 16 183 03 009
UPID US22-1810166
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
Current use
Occupant on record · Public records
  • U-Haul Neighborhood Dealer Car Rental Facility
  • Eastside Collision & Car Care Auto Parts Store
  • Troupe's BMW Plus LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Owner & transaction history
Eastside Collision & Car Care Cente · 4 yrs held
Eastside Collision & Car Care Cente
since 2021
2 recorded transactions
2021
Price N/A
2014
Price N/A
Zoning & alternative use
M2 · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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