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    1750 Ga 138 Hwy Covington, GA 30014

    For Sale
    $2,250,000

    11.57 Acres, Hwy 138 Frontage

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 11.57-acre commercial property presents a remarkable development opportunity in the thriving city of Covington, Georgia. Strategically located on Highway 138 in downtown Walnut Grove, this site boasts an impressive 800 feet of highway frontage, ensuring high visibility and accessibility. The property's proximity to the signalized intersection of Highways 81 and 138 is a significant advantage, placing it within easy reach of a substantial daily traffic volume of 17,500 vehicles. This high traffic count translates to exceptional potential for a wide range of commercial ventures. The expansive acreage offers ample space for various development projects, from retail centers and restaurants to office buildings and light industrial facilities. The location within the vibrant downtown Walnut Grove area provides access to existing infrastructure and a strong local community. Furthermore, an adjoining 13-acre parcel is also available for purchase, presenting an opportunity to acquire an even larger contiguous land holding for a major development project. This property represents a rare chance to secure a prime piece of commercial real estate in a rapidly growing area with significant development potential. The asking price is $2,250,000. Serious inquiries are encouraged.

    Property Features for 1750 Ga 138 Hwy

    General Information

    Property type
    Investment properties
    Lot Size
    503,989 SF

    Building Details

    Year Built
    1800
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Covington
    County
    Walton
    State
    Georgia
    Longitude
    -83.85007
    Latitude
    33.74365

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    FAQs

    What type of property is this?
    Investment property - 11.57 Acres, Hwy 138 Frontage
    Where is this investment property located?
    The property is located at 1750 Ga 138 Hwy Covington, GA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    (770) 227-5555
    Request Owner's contact information
    1750 Ga 138 Hwy Covington, GA 30014
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1750 Ga 138 Hwy Covington, GA 30014
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