8430 Covington HwyLithonia, GA 30058

  • Retail properties
  • 4,040 SF
For Sale
$3,950,000 View listing

Property Details for 8430 Covington Hwy

Year built
1974
Lot size
5.03 AC
Property size (Sq ft)
4,040 SF
Zone code
M2
Property type
Retail properties
Property subtype
Auto shops
APN
16 183 03 009
APU
1618303009

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,276,034
    6.5%
    $1,177,878
    7%
    $1,093,744
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,985,867
    Geo Method
    $1,985,867
  • Alternative Use

    Use
    Valuation
    Residential
    $993,584
    Hospitality
    $910,117
    Educational
    $757,207
    Medical
    $783,249
    Retail
    $1,177,878
8430 Covington Hwy, Lithonia, Georgia

Location Insight

City
Lithonia
County
Dekalb
State
Georgia
Latitude
33.7014
Longitude
-84.0821
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$13,975
$59,120
$84,000
$143,120
-
$147,800
$210,000
$357,800

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