1186 Clark StCovington, GA 30014
- Retail properties
- 5,346 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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