8430 Covington HwyLithonia, GA 30058

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

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.

• 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

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

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