2358 Panola RdLithonia, GA 30058

Property Details for 2358 Panola Rd

Year built

1934

Construction

FRAME

Lot size

3.16 AC

Property size (Sq ft)

1,928 SF

Zone code

C1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

16 058 02 011

APU

1605802011

Description

This exceptional 2,576 square foot property, situated on a generous 3.16-acre lot in Lithonia, Georgia, presents a unique investment opportunity. Currently utilized as a religious organization, the building boasts ample space and versatile functionality. The interior features a full office, an additional open office area, a convenient storage room, and a kitchen complete with a refrigerator. Separate men's and women's restrooms are also included. Exterior amenities include a covered BBQ area and a detached outbuilding providing additional storage. The property's prime location ensures high visibility and accessibility, with proximity to major roadways, hospitals, and the Stonecrest Mall area. The high traffic count makes this an ideal location for a variety of commercial ventures. Envision the possibilities: a retail establishment, office suites, a car lot, an insurance agency, or a daycare center. The expansive lot offers significant potential for expansion or additional construction. This property is ready for your vision and entrepreneurial spirit. Prior appointments are required for viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $414,258

  6.5%

  $382,392

  7%

  $355,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $376,076

  Geo Method

  $376,076

• Alternative Use

  Use

  Valuation

  Residential

  $474,166

  Hospitality

  $434,333

  Educational

  $361,360

  Medical

  $373,788

  Retail

  $562,116

Location Insight

City

Lithonia

County

Dekalb

State

Georgia

Latitude

33.72

Longitude

-84.1647

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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