10714 Covington by Pass Rd - Storefront Retail/Office FOR SALE


Covington, GA 30014
$1,250,000 USD
770-616-8673
10714 Covington by Pass Rd, Covington, GA for Sale
$1,250,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | Request Cap Rate

10714 Covington by Pass Rd
Covington, GA 30014


HIGHLIGHTS

  • Just off of Covington Bypass providing great access in all directions

OVERVIEW

Do not disturb tenant. This 10,000 square foot building fronts Bypass Road in Covington, Georgia. The building is leased to The Newton County Board of Education. The government tenant is in their seventh year of a yearly renewal term of their lease. Newton County Board of Education uses this facility for the local public school system to keep their at risk or alternative students progressing toward high school completion. Retaining and moving these students toward their diploma allows the County to maintain federal and state funds for these students. Under the lease, the landlord is responsible for maintenance of the parking area, roof and exterior walls, excluding doors, and windows, of the building. The tenant reimburses the cost of property taxes, property insurance, termite bond, and water meter back flow testing, all of the utilities that serve the property are paid by and currently in the name of the tenant. The tenant maintains and repairs the interior area of the building and provides the landscaping maintenance. The building is located at 10714 Covington Bypass Road, Covington, GA. Directions from Atlanta: Take I20 East toward Augusta, take exit 93 onto Hwy 142, and take a right off of the ramp onto Hwy 142. Go about 4 miles and the property will be on your right. Building was repainted in 2022. DO NOT disturb tenant.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Do not disturb tenant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

CH

APN/PARCEL ID

0064B00000112000

ASK ABOUT THIS PROPERTY

Ron MenziesEastview, LLCMore Info
770-616-8673

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Ron MenziesEastview, LLCMore Info
770-616-8673

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.