6038 Covington HwyDecatur, GA 30035

Property Details for 6038 Covington Hwy

Year built

2021

Lot size

5.39 AC

Property size (Sq ft)

29,550 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

16 039 04 056

APU

1603904056

Description

This exceptional 0.415-acre commercial lot, located at 6038 Covington Hwy in Stonecrest, Georgia (zip code 30035), presents a unique investment opportunity. Situated in a high-growth corridor and zoned C1 within the City of Stonecrest, this property offers significant potential for development. The lot is an outparcel of a Lidl grocery store, ensuring high visibility and convenient access for potential businesses. All utilities are available at the pad, and the site includes existing parking, site lighting, and access roads, minimizing upfront infrastructure costs. Property maintenance is also provided. The strategic location, combined with the readily available infrastructure and C1 zoning, makes this site particularly well-suited for restaurant or retail establishments. The signalized access ensures easy ingress and egress for customers and employees. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area of DeKalb County. The property's size and location make it an attractive option for developers and investors seeking a prime location for a new commercial venture. Don't miss this chance to secure a piece of this dynamic commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $9,333,368

  6.5%

  $8,615,417

  7%

  $8,000,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,525,338

  Geo Method

  $14,525,338

• Alternative Use

  Use

  Valuation

  Residential

  $7,267,426

  Hospitality

  $6,656,924

  Educational

  $5,538,482

  Medical

  $5,728,959

  Retail

  $8,615,417

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Latitude

33.7243

Longitude

-84.1703

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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