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    1761 Walnut Ave Covington, GA 30014

    For Sale
    $465,000

    2.5-acre lot, high-growth area

    Property size:
    1,520 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 2.5-acre commercial lot, located at 1761 Walnut Avenue (also known as 1761 GA Hwy 138) in Covington, Georgia, presents a unique investment opportunity. The 1,520 square foot building currently on the property is situated on a septic system, although city sewer access is readily available. This prime location offers significant potential for development, given its strategic position directly across from the planned Downtown Walnut Grove Master Development. This ambitious project envisions a vibrant mixed-use town center, incorporating retail, commercial, office, and residential spaces, creating a new hub for growth and community engagement. The property's high visibility and accessibility are further enhanced by the planned installation of a double-lane roundabout at the nearby intersection by the Georgia Department of Transportation, promising improved traffic flow and increased visibility. The surrounding area also includes additional commercially zoned parcels, presenting opportunities for assemblage and expansion. Detailed plans for both the Downtown Walnut Grove Master Development and the Georgia DOT's infrastructure improvements are available upon request. This property is ideally suited for developers seeking to capitalize on the burgeoning growth and revitalization of this dynamic area. The asking price for this exceptional opportunity is $465,000.

    Property Features for 1761 Walnut Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,520 SF
    Lot Size
    108,900 SF

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Walton
    State
    Georgia
    Longitude
    -83.84928
    Latitude
    33.74357

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    FAQs

    What type of property is this?
    Commercial real estate - 2.5-acre lot, high-growth area
    Where is this commercial real estate located?
    The property is located at 1761 Walnut Ave Covington, GA.
    What is the asking price?
    The asking price for this property is $465,000.
    (404) 538-5781
    Request Owner's contact information
    1761 Walnut Ave 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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1761 Walnut Ave Covington, GA 30014
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