11377 Brown Bridge RdCovington, GA 30016

  • Retail properties
  • 21,000 SF
For Sale
$1,500,000 View listing

Property Details for 11377 Brown Bridge Rd

Year built
1996
Construction
STEEL FRAME
Lot size
3.16 AC
Property size (Sq ft)
21,000 SF
Zone code
C1
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
00440-00000-110-C00
APU
0044000000110C00

Description

This exceptional 21,000 square foot freestanding retail building presents a lucrative investment opportunity in Covington, GA's rapidly expanding Newton County. Situated on a highly visible corner lot with 139 feet of frontage on Brown Bridge Road and 192 feet on Upper River Road, this property boasts 3.16 acres of land. The building has served as a thriving local grocery store for over three decades, establishing a strong presence within the community. Features include convenient loading docks and a spacious paved parking lot, ensuring ease of access and operation. Zoned for General Commercial District use, this property offers versatility beyond its current application. The Newton County Future Land Use map designates this area as Established Suburban Core, opening doors to a variety of commercial ventures. The property's strategic location benefits from the construction of over 5,000 new homes within a 5-mile radius, guaranteeing a substantial and growing customer base. This prime location offers unparalleled potential for business growth and significant return on investment. The land and buildings are being sold together.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,632,850
    6.5%
    $6,122,631
    7%
    $5,685,300
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,322,575
    Geo Method
    $10,322,575
  • Alternative Use

    Use
    Valuation
    Residential
    $5,164,668
    Hospitality
    $4,730,808
    Educational
    $3,935,977
    Medical
    $4,071,342
    Retail
    $6,122,631
11377 Brown Bridge Rd, Covington, Georgia

Location Insight

City
Covington
County
Newton
State
Georgia
Latitude
33.5836
Longitude
-83.9128
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,270
$88,480
$216,320
$304,800
-
$221,200
$540,800
$762,000

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].