2125 Pace St Covington, GA 30014-6659
- Strip malls
- 54,759 SF
- 4.35 lot acres
Current Use by Public Records
- Strip malls
Property Details for 2125 Pace St
- Year built
- 1976
- Construction
- STEEL & CONCRETE
- Lot size
- 4.35 lot acres
- Property size
- 54,759 SF
- Zone code
- C1
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- C0250-00020-014-000
- APU
- C025000020014000
Description
This exceptional retail opportunity is located at 2125 Pace St in the heart of Downtown Covington, GA, within the Morgan Plaza Shopping Center. The property offers a total of 58,000 square feet of retail space, with multiple units available ranging from a minimum of 1,252 square feet to a maximum of 8,085 square feet. The flexible space is ideal for a variety of retail businesses seeking a high-visibility location. The property is zoned C1, ensuring a wide range of permitted uses. Its prime downtown location offers excellent visibility and accessibility, placing businesses in close proximity to the Covington square. Ample parking is available for customers and employees, enhancing the overall shopping experience. The property is currently accepting inquiries from prospective tenants interested in leasing space. Interested parties should provide details regarding their business and desired square footage to receive customized pricing information. This is a rare opportunity to establish a thriving retail presence in a vibrant and growing community. Don't miss out on this chance to secure your ideal retail space in the heart of Downtown Covington.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,600,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,625,000
- 6.5%
- $2,825,000
- 7%
- $2,870,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,380,000
- Geo Method
- $3,055,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,740,000
- Retail
- $3,045,000
- Mixed-Use
- $2,530,000
- Hospitality
- $3,035,000
- Educational
- $2,690,000
- Residential Income
- $2,620,000
- Energy
- $2,235,000
- Income-Based Land
- $2,415,000
- Food Service
- $2,940,000
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Newton
- State
- Georgia
- Longitude
- -83.861
- Latitude
- 33.601
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
