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    162 & Dry Pond Covington, GA 30016

    For Sale
    $2,500,000

    16 Acres, Prime Location, $2.5M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 16-acre commercial land parcel presents a unique investment opportunity in Covington, Georgia. Located at the intersection of Hwy 162 and Dry Pond, this property boasts a prime location poised for significant growth and development. Newton County's APN is 0051000000007000. The asking price is $2,500,000. Covington is experiencing remarkable growth, making this land a strategic investment in an up-and-coming community. Its strategic positioning near a soon-to-be-high-traffic intersection ensures high visibility and accessibility. The expansive acreage offers endless development possibilities, allowing for the creation of a project that reflects the city's dynamic future. This blank canvas allows for a development that captures the essence of Covington's growth, blending innovation with community. The property's proximity to key thoroughfares makes it an ideal location for a variety of commercial ventures, capitalizing on the city's expanding infrastructure and increasing population. This is a chance to be a part of Covington's exciting transformation and secure a prominent position in its burgeoning commercial landscape. The 30016 zip code further highlights the property's advantageous location within a rapidly developing area. This is an unparalleled opportunity to shape the future of Covington.

    Property Features for 162 & Dry Pond

    General Information

    Property type
    Land
    Lot Size
    696,960 SF

    HighLights

    • 16‑acre commercial land parcel in Covington, GA, at Hwy 162 and Dry Pond intersection.
    • Asking price: $2,500,000; Newton County APN: 0051000000007000.
    • Prime location in a rapidly growing area (30016 zip code), offering high visibility and accessibility.
    • Excellent development potential due to expansive acreage and proximity to key thoroughfares.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.8947817
    Latitude
    33.46199

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    FAQs

    What type of property is this?
    Land - 16 Acres, Prime Location, $2.5M
    Where is this land located?
    The property is located at 162 & Dry Pond Covington, GA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 16-acre commercial land parcel in Covington, GA, at Hwy 162 and Dry Pond intersection.; Asking price: $2,500,000; Newton County APN: 0051000000007000.; Prime location in a rapidly growing area (30016 zip code), offering high visibility and accessibility.
    (678) 438-1971
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    162 & Dry Pond 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
    162 & Dry Pond Covington, GA 30016
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