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Property profile & analytics
OFF-MARKET Estimated value $615,000
Retail space

1186 Clark SW St Covington, GA 30014-2311

5,346 SF 0.34 ac lot Built 1886
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US22-0644728
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1886
Construction STEEL FRAME
Total area 5,346 SF
Lot 0.34 ac (14,810 SF)
Zoning code C1
APN C0260-00040-001-000
UPID US22-0644728
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
$634k
Blend (final) Blend
$615k
Owner & transaction history
Grand Suenos LLC · 8 yrs held
Grand Suenos LLC
since 2018
4 recorded transactions
2018
$365,000
2009
Price N/A
2005
$340,000
1969
Price N/A
Zoning & alternative use
C1 · Covington, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $595,000 +6.6%
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