3187 Washington SW St, Covington, GA 30014-2781
This exceptional mixed-use property, located at 3187 Washington St SW in Covington, Georgia (30014), presents a unique investment opportunity. The 2,294 square foot building, constructed in 1906, sits on a 0.26-acre lot and is currently 100% occupied. The asking price is $389,000, translating to $169.57 per square foot. The property features a Neighborhood Mixed Use (NM) zoning designation, allowing for a variety of uses including office, retail, and medical spaces. Its prime location, just blocks from Covington's town square, offers excellent visibility and accessibility. The building's history and current condition make it an attractive option for owner-users seeking a versatile and established commercial space. The property's parcel number is C035000030014000. This is a rare chance to acquire a well-maintained, income-producing asset in a thriving Georgia community. The building's single structure and established tenancy provide a stable foundation for future growth and potential expansion. This property is ideal for an investor seeking a strong return on investment in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Covington, GACovington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.