

Covington Hwy Assemblage
Land | 0.98 acres
Marketing description
Property is located at the northeast corner of Lithonia Industrial Boulevard and Covington Hwy / Hwy 278 in the City limits of Stonecrest. Possessing approximately 2.01 acres at a busy signalized intersection, the property currently is zoned M-1 and is being offered individually or as an assemblage with the adjacent property (7236 Covington Highway). The propety is at the hard corner of Lithonia Industrial Boulevard and Covington Highway / Hwy 278 and relatively rectangular in shape with slightly sloping topography. The property has an existing curb cut on Covington Highway / Hwy 278 posessing approximately 145’ of frontage. Additonally, the property contains approximately 241’ of frontage on Lithonia Industrial Bouleveard and 189’ of frontage on Parkway Rd to on the northern property boundary. In order to best utilize the commercial potential of the property the parcel would need to be rezoned, accordingly. The property is well postioned for many commercial uses and the Seller is amenable to a zoning contingency. Additonally, an assemblage of the adjacent property (7236 Covington Hiwhaty)would further maximize the commercial potential of both parcels. The assembled parcels would provide approximately 424’ of frontage on Covington Highway / Hwy 278, approximately 241’ of frontage on Lithonia Industrial Boulevard and approximately 478’ of frontage on Parwood Rd allowing for superb circular flow throughout the assemblage and great line of site visibility at a signalized intersection. Additionally, there is an existing median cut in front of Parkwood Road further enhancing the flow throughout the assemblage.
Investment highlights
7218 Covington Hwy / Hwy 278
APN 16 121 04 001
Currently Zoned M-1 Light Industrial
All Utilities Available
0.98 Acres
$1,200,000 | $1,224,490 / Acre | $28.11 psf
Topo - Sloping
Rectangular Shaped Parcel
No Existing Vertical Structure
Signalized Intersection
7236 Covington Hwy / Hwy 278
APN 16 121 04 002
Currently Zoned R-75
All Utilities Available
2.01 Acres
$700,000 | $348,359 / Acre | $7.99 psf
Topo - Sloping
Square Shaped Parcel
Existing Residential Structure/Home
Assembled Parcels
2.99 Acres
$1,900,000 | $634,815 / Acre | $14.57 psf
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