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24977358

7218 Covington Hwy, Lithonia, GA 30058

TE
GA 241791
NAI Brannen Goddard
Listed by NAI Brannen Goddard
$1,200,000
1015 days on market
Updated 27 days ago

Covington Hwy Assemblage

Details
APN 16-121-04-004
Property Type Land
Sub Type Commercial
Broker Co-Op Yes
Acreage 0.980
Zoning M / Light Industrial
Ownership A Georgia limited liability company

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

Listing Contacts

TE
GA 241791
NAI Brannen Goddard
Listed by NAI Brannen Goddard

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