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    Brown Bridge Rd Covington, GA 30016

    For Sale
    $299,000

    1.05-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.05-acre commercial land parcel is ideally situated on Brown Bridge Road in Covington, Georgia, zip code 30016. Priced to sell at $299,000, this property offers significant potential for various commercial ventures. The lot boasts a level topography, simplifying development and minimizing site preparation costs. All utilities are readily accessible, streamlining the construction process. A detention system is already in place, further reducing development hurdles. The property's location offers convenient access to major transportation routes, being approximately four miles from Interstate 20 (Salem Road exit). This strategic positioning enhances its appeal for businesses requiring efficient logistics and accessibility. Furthermore, there's a possibility of assemblage with an adjacent 2.3-acre parcel, presenting an opportunity to expand the development footprint significantly. This neighboring property is located within Newton County's Salem Overlay District (Tier 3), potentially offering additional development advantages. This is a rare opportunity to acquire a well-positioned, ready-to-develop commercial lot in a thriving Georgia community. Don't miss this chance to secure a valuable asset in a rapidly growing area.

    Property Features for 0 Brown Bridge Rd

    General Information

    Property type
    Land
    Lot Size
    45,738 SF

    HighLights

    • All utilities available.
    • Level topography.
    • Existing detention pond.
    • Four miles to I‑20 (Salem Road exit).
    • Potential assemblage with adjacent 2.3‑acre parcel in Newton County's Salem Overlay District (Tier 3).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.8874559
    Latitude
    33.5944089

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    FAQs

    What type of property is this?
    Land - 1.05-acre commercial lot, prime location.
    Where is this land located?
    The property is located at Brown Bridge Rd Covington, GA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: All utilities available.; Level topography.; Existing detention pond.
    (404) 942-2048
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    Brown Bridge Rd 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
    Brown Bridge Rd Covington, GA 30016
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