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    Highway 81 Covington, GA 30014

    For Sale
    $198,000

    9.77 Acres, Multi-Family Approved

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 9.77-acre commercial parcel is ideally situated in Covington, Georgia, at the intersection of Highway 81 and near Highway 162. The property boasts a prime location in a high-traffic area, ensuring excellent visibility and accessibility for any commercial venture. Currently zoned for commercial use, this land presents a unique opportunity for developers seeking to capitalize on the area's growth potential. Importantly, the property already has approval for multi-family development, streamlining the planning and permitting process for prospective buyers. This significantly reduces the time and expense typically associated with obtaining necessary approvals. The expansive acreage offers ample space for a variety of commercial projects, from retail centers and office buildings to residential complexes. Given its strategic location and existing multi-family approval, this property represents a compelling investment opportunity with significant upside potential. The high volume of traffic on nearby highways ensures consistent exposure, making it an attractive location for businesses seeking maximum visibility. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $198,000.

    Property Features for Highway 81

    General Information

    Property type
    Other commercial real estate
    Lot Size
    425,581 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.85199
    Latitude
    33.71445

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    FAQs

    What type of property is this?
    Commercial real estate - 9.77 Acres, Multi-Family Approved
    Where is this commercial real estate located?
    The property is located at Highway 81 Covington, GA.
    What is the asking price?
    The asking price for this property is $198,000.
    (770) 787-4028
    Request Owner's contact information
    Highway 81 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
    Highway 81 Covington, GA 30014
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