3905 Ga-138 Covington, GA 30014
This exceptional 73.97-acre property in Walton County, Georgia, presents a unique investment opportunity. Located on GA Highway 138, near Walnut Grove, it boasts 955 linear feet of road frontage and a 1-lane gravel driveway. Zoned A-1, Rural Estate, this diverse tract offers a blend of open and heavily wooded areas, including a perennial creek. Previous use as an organic farm leaves behind existing infrastructure such as irrigation wells, greenhouse framing, storage sheds, and a 960-square-foot wood frame structure (shell only). The rolling terrain supports various uses, including residential development (single-family homes or estates), agriculture, and recreation. Subject to rezoning, commercial development is also possible. The property's location offers easy access to major roadways like GA Highway 81 and US Highway 78, connecting to shopping and employment centers. It's situated within the Walnut Grove school district, approximately 11 miles northeast of Covington and 32 miles east of downtown Atlanta. The property is shown by appointment only
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.