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    1145 Clark St Covington, GA 30014

    Sponsored
    For Sale
    $1,670,000

    Historic Downtown Retail Opportunity

    Property size:
    12,847 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,847 square foot vacant storefront in Covington, GA, presents a rare redevelopment opportunity. Located on a high-visibility corner lot at 1145 Clark St SW, this two-story building boasts extensive road frontage and is situated steps from the historic Covington Town Square. First available since 1919, this property offers a unique chance to own a piece of Covington's rich history. Previously a high-profile furniture store for over a century, the building is zoned TCM and is ideal for a single-tenant retail use or can be subdivided into individual retail suites. Benefit from the thriving downtown area, with its numerous restaurants, shops, and the Covington municipal government building. Covington's reputation as "Hollywood of the South" due to its frequent use as a filming location further enhances the property's appeal. The proximity to the historic Covington Courthouse, a movie landmark, adds to its desirability. This is a value-add investment with significant potential for a savvy developer. The asking price is $1,670,000.

    Property Features for 1145 Clark St

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,847 SF

    Building Details

    Year Built
    1890
    Buildings
    1
    Stories
    2

    HighLights

    • Vacant land, ready for immediate redevelopment.
    • High‑visibility corner lot.
    • Prime location near Covington Town Square.
    • Exceptional opportunity; first time on market since 1919.
    • Building features extensive storefront glazing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.8609781
    Latitude
    33.5966258

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    FAQs

    What type of property is this?
    Individual retail property - Historic Downtown Retail Opportunity
    Where is this individual retail property located?
    The property is located at 1145 Clark St Covington, GA.
    What is the asking price?
    The asking price for this property is $1,670,000.
    What are key features of this property?
    This property features: Vacant land, ready for immediate redevelopment.; High-visibility corner lot.; Prime location near Covington Town Square.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1145 Clark St Covington, GA 30014
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