For Sale
$1,000,000

6152 Covington Hwy Lithonia, GA 30058

144,585 SF Retail Center, 85% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 144,585 square foot shopping center, located at 6152 Covington Highway in Lithonia, Georgia, presents a compelling investment opportunity. Built in 1989 and renovated in 2021, this multi-tenant retail property boasts an impressive 85% occupancy rate. The property sits on a 1.25-acre lot and is offered at $1,000,000, translating to a price per square foot of $6.92. The property features excellent street frontage and visibility, making it an ideal location for a variety of businesses. The lease type is NNN, offering a passive income stream for the investor. The property's prime location in DeKalb County, Georgia, zip code 30058, ensures high traffic and visibility. This is a rare opportunity to acquire a well-maintained, high-performing retail center in a thriving market. The property's APN is 1603901022

Highlights

  • Two separately deeded pad sites available at Covington Square Shopping Center.
  • Covington Hwy parcel (1603901006) offered at $1,000,000.
  • Panola Rd parcel (1603901022) offered at $900,000.
  • Each 1.25-acre pad site boasts excellent street frontage on Covington Hwy and Panola Rd.
  • High visibility location ideal for NNN investment.
  • Currently 85% leased.

Property Details for 6152 Covington Hwy

Property type
Lifestyle centers, Power centers
Square Feet
144,585 SF
Year Built/Renovated
1989/2021
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Lithonia
County
DeKalb
State
Georgia
Latitude
33.7243837
Longitude
-84.1646987

FAQs

What type of property is this?
Lifestyle center - 144,585 SF Retail Center, 85% Occupied
Where is the lifestyle center located?
The property is located at 6152 Covington Hwy Lithonia, GA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two separately deeded pad sites available at Covington Square Shopping Center.; Covington Hwy parcel (1603901006) offered at $1,000,000.; Panola Rd parcel (1603901022) offered at $900,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6152 Covington Hwy
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