80 Charleston PlCovington, GA 30016

Property Details for 80 Charleston Pl

Year built

2006

Construction

LIGHT FRAME

Lot size

2.00 AC

Property size (Sq ft)

9,624 SF

Zone code

C1

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

00130-00000-070-D00

APU

0013000000070D00

Description

This exceptional investment opportunity presents a thriving, established child care center in Covington, Georgia, a rapidly growing area within the Greater Atlanta market. The property encompasses a 9,624 square foot, all-brick building constructed in 2006, situated on a two-acre lot. The center boasts a licensed capacity of 230 children, catering to infants (6 weeks to 12 years old) and offering two full Georgia Pre-Kindergarten classes. Operational hours are Monday through Friday, 6:30 AM to 6:30 PM. Included in the sale is the established business, the building itself, and a substantial 18,000 square foot, fully equipped playground. The center is part of a successful, 21-year-old franchise with 59 locations, ensuring brand recognition and operational support. All equipment and furnishings are included, exceeding state guidelines for child care facilities. Ample parking is available with space for 31 vehicles. This turnkey operation presents a rare opportunity to acquire a profitable, well-established business with significant growth potential in a thriving community. The property's excellent physical condition and prime location, surrounded by retail and residential development, make it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,021,324

  6.5%

  $1,865,838

  7%

  $1,732,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,158,846

  Geo Method

  $2,158,846

• Alternative Use

  Use

  Valuation

  Residential

  $2,366,894

  Hospitality

  $2,168,062

  Educational

  $1,803,802

  Medical

  $1,865,838

  Retail

  $2,805,914

Location Insight

City

Covington

County

Newton

State

Georgia

Latitude

33.578

Longitude

-83.9709

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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