2526 Panola RdLithonia, GA 30058

Property Details for 2526 Panola Rd

Year built

1959

Lot size

0.63 AC

Property size (Sq ft)

1,428 SF

Zone code

C1

Property type

Retail space

APN

16 057 02 040

APU

1605702040

Description

This exceptional Lithonia, Georgia property presents a unique investment opportunity encompassing three buildings totaling 6,500 square feet on a 0.63-acre lot. Situated at 2526 Panola Rd, zip code 30058, this single-tenant property boasts a prime location with high visibility and traffic. Currently vacant, the buildings offer significant potential for various uses, given their previous history as a used car dealership, body shop, and office space. The property features ample parking with 40 spaces available. Built in 1998, with renovations completed in 2023, the property is ready for immediate occupancy. The buildings are all single-story structures. The property benefits from its strategic location near major retailers such as Walmart, Lowe's Home Improvement, and Publix, and enjoys exceptional accessibility due to its proximity to I-20, experiencing a daily traffic count exceeding 40,000 vehicles. Lease options are available, starting at $6,500 per month, with potential for lease-to-own arrangements. One building was originally constructed in 1994. This is an ideal opportunity for an investor or business seeking a versatile and well-located industrial space in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $451,034

  6.5%

  $416,339

  7%

  $386,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $701,935

  Geo Method

  $701,935

• Alternative Use

  Use

  Valuation

  Residential

  $351,197

  Hospitality

  $321,695

  Educational

  $267,646

  Medical

  $276,851

  Retail

  $416,339

Location Insight

City

Lithonia

County

Dekalb

State

Georgia

Latitude

33.7148

Longitude

-84.1651

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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