1186 Clark StCovington, GA 30014

  • Retail properties
  • 5,346 SF
For Lease
$10/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1186 Clark St, Covington, Georgia

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

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
$6,379
$30,200
$166,080
$196,280
-
$75,500
$415,200
$490,700

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