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    Hwy 212 & Hwy 162 Covington, GA 30016

    Sponsored
    For Sale
    $3,500,000

    153 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 153-acre commercial land parcel presents a significant development opportunity in Covington, Georgia. Located at the intersection of Hwy 212 and Hwy 162, this strategically positioned property offers unparalleled access to a thriving community experiencing substantial growth. The expansive acreage provides ample space for a diverse range of development projects, including residential, commercial, or mixed-use options. Covington's blend of small-town charm and big-town vision creates a unique and attractive environment for new development. The property's proximity to the vibrant Downtown County area further enhances its appeal. The Newton County location, with APN 0051000000029000, and zip code 30016, offers developers the chance to contribute to a community that values both its history and its future. This is an ideal location to capitalize on Covington's robust economy and strong community engagement. The asking price for this remarkable opportunity is $3,500,000. This prime land offers a unique chance to build a thriving community within a rapidly growing city. The scale of the property allows for innovative and expansive development plans, creating a lasting impact on the Covington landscape. The property's location at the heart of Covington's growth trajectory ensures strong potential for return on investment.

    Property Features for 0 Hwy 212 & Hwy 162

    General Information

    Property type
    Land
    Lot Size
    6,664,680 SF

    HighLights

    • 153‑acre commercial land parcel in Covington, GA, at Hwy 212 & Hwy 162 intersection.
    • Suitable for residential, commercial, or mixed‑use development.
    • APN 0051000000029000, Zip Code 30016.
    • Asking price: $3,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.9078178
    Latitude
    33.4648035

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    FAQs

    What type of property is this?
    Land - 153 Acres, Prime Development Site
    Where is this land located?
    The property is located at Hwy 212 & Hwy 162 Covington, GA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 153-acre commercial land parcel in Covington, GA, at Hwy 212 & Hwy 162 intersection.; Suitable for residential, commercial, or mixed-use development.; APN 0051000000029000, Zip Code 30016.
    (678) 438-1971
    Request Owner's contact information
    Hwy 212 & Hwy 162 Covington, GA 30016
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    Covington, GA 30016
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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
    Hwy 212 & Hwy 162 Covington, GA 30016
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