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    OFF-MARKET
    Individual retail properties

    3187 Washington SW St, Covington, GA 30014-2781

    2,294 SF 0.26 ac lot Built 1906
    Individually Owned 19-yr Hold ~ Est. High Equity
    Property ID
    US22-1153982
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Individual retail properties
    Use group BARBER, HAIR SALON
    Year built 1906
    Construction STEEL FRAME
    Total area 2,294 SF
    Lot 0.26 ac (11,326 SF)
    Zoning code C1
    APN C0350-00030-014-000
    UPID US22-1153982
    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
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    Owner & transaction history
    Catrina H White · 19 yrs held
    Catrina H White
    since 2006
    2 recorded transactions
    2006
    $125,000
    2006
    Zoning & alternative use
    C1 · Covington, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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