1186 Clark StCovington, GA 30014

Property Details for 1186 Clark St

Year built

1886

Construction

STEEL FRAME

Lot size

0.34 AC

Property size (Sq ft)

5,346 SF

Zone code

C1

Property type

Retail space

APN

C0260-00040-001-000

APU

C026000040001000

Description

This exceptional 10,484-square-foot retail property at 1186 Clark Street SW in Covington, Georgia, presents a unique investment opportunity. Built in 1886, this single-story building sits on a 0.34-acre lot and is zoned C1, offering considerable flexibility for a variety of commercial uses. Currently entirely vacant, the space is ideal for multiple tenants, with the potential to be subdivided. The property features a total of four parking spaces. The building's size allows for a wide range of possibilities, including restaurants, event venues, stores, breweries, grocery stores, markets, or office spaces. Its prime downtown Covington location ensures high visibility and accessibility, placing it within the heart of a thriving community. The substantial square footage provides ample room for expansion and customization to suit specific business needs. This property offers a rare chance to establish a presence in a desirable and rapidly growing area. The property's historical charm combined with its modern potential makes it an attractive proposition for entrepreneurs and investors alike. The address is 1186 Clark Street SW, Covington, GA 30014, and the APN is C026000040001000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,688,534

  6.5%

  $1,558,647

  7%

  $1,447,315

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,627,833

  Geo Method

  $2,627,833

• Alternative Use

  Use

  Valuation

  Residential

  $1,314,777

  Hospitality

  $1,204,329

  Educational

  $1,001,987

  Medical

  $1,036,447

  Retail

  $1,558,647

Location Insight

City

Covington

County

Newton

State

Georgia

Latitude

33.5972

Longitude

-83.8623

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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