11377 Brown Bridge RdCovington, GA 30016
- Retail properties
- 21,000 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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