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    Rocky Pln Rd Covington, GA 30016

    For Sale
    $477,600

    Prime Newton County acreage, Yellow River frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 31.84-acre farm tract in Newton County, Georgia, presents a unique investment opportunity. Located on Rocky Plains Road near Covington (zip code 30016), this property boasts Yellow River frontage and offers unparalleled convenience. Situated approximately 7 miles from Downtown Covington, residents will enjoy easy access to a vibrant array of retail, dining, and entertainment options. The property's strategic location also provides convenient access to Interstate 20, enhancing connectivity to broader regional networks. Covington's burgeoning film industry, often referred to as the "Hollywood of the South," adds significant appeal, with major studios like Triple Horse Studios and the newly established Three Ring Studios nearby. The proximity to the 180-acre Covington Town Center mixed-use project and the recently announced Rivian $5 billion assembly plant in neighboring Walton and Newton Counties further underscores the area's robust economic growth and potential for future development. Phase 3 soil work is complete, simplifying the development process. This is one of only two remaining lots from an original subdivision of 85.36 acres, with four of the six lots offering Yellow River frontage. All lots are over 10 acres. The asking price is $477,600, representing a price per acre of $15,000. This property is ideal for those seeking a substantial land holding in a rapidly developing area with excellent access to amenities and infrastructure.

    Property Features for 0 Rocky Pln Rd

    General Information

    Property type
    Farms
    Lot Size
    1,386,950 SF

    HighLights

    • I‑20 access approximately 7 miles north.
    • 7 miles from Downtown Covington, offering retail, dining, and entertainment.
    • Located in Covington, known as the "Hollywood of the South," near Triple Horse and Three Ring Studios.
    • Proximity to the 180‑acre Covington Town Center mixed‑use project.
    • Near the new Rivian $5 billion assembly plant in Walton and Newton Counties.
    • 31.84‑acre lot, one of six created from an 85.36‑acre subdivision; all lots over 10 acres, four with Yellow River frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.9113481
    Latitude
    33.4981981

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    FAQs

    What type of property is this?
    Farm - Prime Newton County acreage, Yellow River frontage.
    Where is this farm located?
    The property is located at Rocky Pln Rd Covington, GA.
    What is the asking price?
    The asking price for this property is $477,600.
    What are key features of this property?
    This property features: I-20 access approximately 7 miles north.; 7 miles from Downtown Covington, offering retail, dining, and entertainment.; Located in Covington, known as the "Hollywood of the South," near Triple Horse and Three Ring Studios.
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    Rocky Pln 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
    Rocky Pln Rd Covington, GA 30016
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