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Property profile & analytics
OFF-MARKET
Specialty properties

0 Unit Tract 2 Covington, GA 30014

2.93 ac lot Built 2024
Property ID
Property summary
AI-generated overview

This exceptional 2.93-acre commercial tract, located at 0 Highway 138 Unit Tract 2 in Covington, Georgia (zip code 30014), presents a unique investment opportunity. Zoned C2, this pad-ready site is ideally situated for immediate development. Plans have already been approved for a building exceeding 12,000 square feet. All utilities, including sewer, are conveniently located at the site, simplifying the construction process. Boasting over 15,000 vehicles in daily traffic count, this property offers unparalleled visibility due to its road frontage. The property is part of a planned unit development (PUD) encompassing 150 homes, ensuring a strong residential base for your business. Its prime location in the rapidly expanding Walnut Grove area of Walton County provides easy access to Monroe, Athens, and Atlanta, making it an attractive destination for a wide range of commercial ventures. The asking price for this exceptional property is $530,000. Built in 2024, this property offers a blank canvas for your business vision in a high-traffic, high-growth area.

Property profile
Verified
Property type Specialty properties
Year built 2024
Lot 2.93 ac (127,631 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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