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RELIG · For Sale

6125 Washington ST SW, Covington Active

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Asking price
$3,000,000
Price / SF
$244.96
Cap rate
—
Sale type
—
Property type
RELIG
Property subtype
RELIG,MEDIC,MOBIL,OTHER,OFFIC,RETAI
Building class
—
Building size
12,247 sq ft
Year built
1989
NOI
—
Tenancy
—
Building height
—
Building FAR
—
Lot size
3.57 acres
Zoning
NM
Frontage
394 ft
Listing #
EN-43059
MLS #
10867370

THE OPPORTUNITY: Acquire approximately 3.57 acres along Washington Street near Downtown Covington with five existing structures, established parking and existing utility infrastructure. The property presents an opportunity for an owner/user, investor or developer seeking a well-located site with existing improvements and additional redevelopment potential. The Georgia Department of Community Affairs (DCA) has designated the Washington Street commercial corridor and the surrounding downtown business district in Covington, Georgia, as an official State Opportunity Zone. This designation allows the area to leverage maximum state tax incentives to spur job creation and economic development. * 3.57 acres * 394 ft of Washington Street frontage * ~1 mile to Historic Covington Square * Five existing structures with potential for continued use, adaptive reuse, or redevelopment. * City's comprehensive plan identifies Washington Street as a targeted redevelopment corridor * State Department of Community Affairs Opportunity Zone Designation

Location

GAMLS
Listed by Lee Staples Realty, Inc.
© 2021 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. · MLS# 10867370

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