1761 Walnut Ave Covington, GA 30014
- Commercial real estate
- 1,520 SF
- 2.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1761 Walnut Ave
- Year built
- 1920
- Lot size
- 2.50 lot acres
- Property size
- 1,520 SF
- Property type
- Commercial real estate
Description
This exceptional 2.5-acre commercial lot, located at 1761 Walnut Avenue (also known as 1761 GA Hwy 138) in Covington, Georgia, presents a unique investment opportunity. The 1,520 square foot building currently on the property is situated on a septic system, although city sewer access is readily available. This prime location offers significant potential for development, given its strategic position directly across from the planned Downtown Walnut Grove Master Development. This ambitious project envisions a vibrant mixed-use town center, incorporating retail, commercial, office, and residential spaces, creating a new hub for growth and community engagement. The property's high visibility and accessibility are further enhanced by the planned installation of a double-lane roundabout at the nearby intersection by the Georgia Department of Transportation, promising improved traffic flow and increased visibility. The surrounding area also includes additional commercially zoned parcels, presenting opportunities for assemblage and expansion. Detailed plans for both the Downtown Walnut Grove Master Development and the Georgia DOT's infrastructure improvements are available upon request. This property is ideally suited for developers seeking to capitalize on the burgeoning growth and revitalization of this dynamic area. The asking price for this exceptional opportunity is $465,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Walton
- State
- Georgia
- Longitude
- -83.84928
- Latitude
- 33.74357
