6157-6267 Highway 278 NE - Freestanding FOR SALE


Covington, GA 30014
$3,625,000 USD
404-812-8925
6157-6267 Highway 278 NE, Covington, GA for Sale
$3,625,000 USD
Freestanding - FOR SALE
1/12
null | 7% Cap Rate

6157-6267 Highway 278 NE
Covington, GA 30014


HIGHLIGHTS

  • The property comprises 11 units, of which 3 are currently vacant, presenting significant potential for rental income growth.
  • Prime location on Highway 278, Covington’s busiest commercial corridor, offering high visibility and strong tenant demand potential.
  • The center is conveniently close to other shopping destinations and local services, boosting customer traffic. Its location along a busy corridor make
  • Covington diverse population with relatively young median age suggests potential consumer demand across multiple demographic groups.
  • Household incomes are strong and growing, from $73K–$87K in 2024 to a projected $85K–$101K in five years, signaling rising consumer spending power.

OVERVIEW

Covington Center is a neighborhood retail shopping center strategically positioned along a major corridor with consistent daily traffic, established nearby amenities, and convenient access to regional routes, giving it strong long-term value in a growing market. The center presents a compelling investment opportunity with significant potential for rental income growth and long-term appreciation. Covington Center at 6135–6265 Highway 278 is a prime retail location with excellent visibility and convenient access via I-20. This 53,923?SF center features ample parking, strong frontage, and is surrounded by complementary retail and services, creating a high-traffic, attractive destination for shoppers.

FOR SALE DETAILS

PRICE

$3,625,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Covington Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

4.13 AC

LAND SF

179,903 SF

ZONING

C1

APN/PARCEL ID

C006000020004000,C006000020004D00

ASK ABOUT THIS PROPERTY

Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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