Property profile

3187 Washington St SW Covington, GA 30014

FOR SALE
Individual retail properties
Property ID
US22-1153982
2,294 SF 0.26 ac lot Built 1906
Individually Owned 20-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 2,294 SF
3187 Washington St SW, Covington, GA 30014
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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

Location

3187 Washington St SW Covington, GA 30014
Covington metro Census 100702 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2006
2 recorded transactions
2006
$125,000
2006
Price N/A

Zoning & alternative use

C1 · Covington, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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