2520 Hollingsworth StLithonia, GA 30058

Property Details for 2520 Hollingsworth St

Year built

1940

Construction

WOOD FRAME

Lot size

0.09 AC

Property size (Sq ft)

2,307 SF

Zone code

C1

Property type

Office buildings

APN

16 153 14 002

APU

1615314002

Description

This 2,600 sq ft single-tenant office building, built in 1940 and substantially updated in 2005, presents a compelling investment opportunity in Lithonia's historic downtown. Located near Stone Mountain Park and Arabian Mountain, the property boasts ten offices, a reception area, kitchenette, and shared bathroom. Its attractive stucco exterior complements the historic district, while ample parking caters to both employees and visitors. The building enjoys excellent accessibility via major roads, public transportation, and I-20, placing it within a vibrant commercial area featuring shops, cafes, and cultural landmarks. The property benefits from its current occupancy by two long-term tenants. The seller is open to various offers, including seller financing, making this a unique chance to participate in Lithonia's revitalization and promising future. The property taxes are $3,000 per square foot. The building is a single-story structure with a cross street of Main.

• CAP approach

  CAP return

  Valuation

  6%

  $495,691

  6.5%

  $457,561

  7%

  $424,878

• Comparable approach

  Method

  Valuation

  Relative Method

  $450,003

  Geo Method

  $450,003

• Alternative Use

  Use

  Valuation

  Residential

  $567,376

  Hospitality

  $519,713

  Educational

  $432,395

  Medical

  $447,266

  Retail

  $672,615

Location Insight

City

Lithonia

County

Dekalb

State

Georgia

Latitude

33.7125

Longitude

-84.1063

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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