8430 Covington HwyLithonia, GA 30058
- Retail properties
- 4,040 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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