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1145 Clark St
Covington, GA 30014
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High Visibility Corner
- Redevelopment Potential
- Walkable to Town Square
EXECUTIVE SUMMARY
First time on the market! Merit Realty Partners is proud to offer the Ramsey Portfolio of properties for sale. 1145 Clark Street has been the home of Ramsey Furniture. The property is located just off of Covington's vibrant Town Square which is filled art shops, movie related retailers and some of the finest restaurants in Metro-Atlanta. The Newton County Courthouse (an icon seen in many movies and television shows) is just steps away from 1145 Clark Street.
**PROPERTY IS LOCATED IN A NEW RURAL ZONE DESIGNATION!!!** This means the property qualifies for: Job Tax Credits, Rehabilitation Tax Credit and Investment Tax Credits! These amounts can equal 30% of qualified rehabilitation costs AND 25% of the purchase price! Inquiry for more details or visit www.CityOfCovington.org.
Originally constructed in 1890, 1145 Clark Street provides investors and users the opportunity to own a piece of history and a highly visible corner in downtown Covington.
Zoned TCM, Town Center Mixed Use District, the property has the potential to be redeveloped into multiple types of uses. The current use is as a retail showroom (Furniture Store).
**PROPERTY IS LOCATED IN A NEW RURAL ZONE DESIGNATION!!!** This means the property qualifies for: Job Tax Credits, Rehabilitation Tax Credit and Investment Tax Credits! These amounts can equal 30% of qualified rehabilitation costs AND 25% of the purchase price! Inquiry for more details or visit www.CityOfCovington.org.
Originally constructed in 1890, 1145 Clark Street provides investors and users the opportunity to own a piece of history and a highly visible corner in downtown Covington.
Zoned TCM, Town Center Mixed Use District, the property has the potential to be redeveloped into multiple types of uses. The current use is as a retail showroom (Furniture Store).
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
7,750 SF
Building Class
C
Year Built
1890
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
TCM - TCM - Town Center Mixed Use District
Frontage
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | C026000160003000 | Improvements Assessment | $197,329 CAD |
| Land Assessment | $24,018 CAD | Total Assessment | $221,346 CAD |
PROPERTY TAXES
Parcel Number
C026000160003000
Land Assessment
$24,018 CAD
Improvements Assessment
$197,329 CAD
Total Assessment
$221,346 CAD
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