For Sale
$900,000

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 (zip code 30058), presents a compelling investment opportunity. Built in 1989 and renovated in 2021, this multi-tenant retail property sits on a 1.25-acre lot and boasts excellent street frontage and visibility. Currently operating at 85% occupancy, the property offers a strong, established tenant base under a NNN lease structure. The asking price is $900,000, translating to a price per square foot of $6.22. The property's prime location within the Covington Square shopping center ensures high traffic and visibility. This is a rare opportunity to acquire a well-maintained, high-performing retail asset in a desirable DeKalb County location. The property's APN is 1603901022

Highlights

  • Two separately parceled pad sites available within Covington Square Shopping Center.
  • Covington Highway parcel (APN 1603901006) offered at $1,000,000.
  • Panola Road parcel (APN 1603901022) offered at $900,000.
  • Both pads are approximately 1.25 acres each, situated on Covington Highway and Panola Road with excellent street frontage and visibility.
  • Prime 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 $900,000.
What are key features of this property?
This property features: Two separately parceled pad sites available within Covington Square Shopping Center.; Covington Highway parcel (APN 1603901006) offered at $1,000,000.; Panola Road parcel (APN 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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