11377 Brown Bridge RdCovington, GA 30016

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

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.

• 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

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