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Property profile & analytics
FOR SALE
Retail space

1145 Clark St SW Covington, GA 30014

6,138 SF 0.14 ac lot Built 1890
Individually Owned 5-yr Hold Free & Clear
Property ID
US22-1493920
Property summary
AI-generated overview

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 profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1890
Construction STEEL FRAME
Total area 6,138 SF
Lot 0.14 ac (6,098 SF)
Zoning code C1
APN C0260-00160-003-000
UPID US22-1493920
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rebecca A Ramsey · 5 yrs held
Rebecca A Ramsey
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
C1 · Covington, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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