0 Rocky Plains Rd Covington, GA 30016
This exceptional 10-acre commercial land parcel presents a unique investment opportunity in Newton County, Georgia. Located on Rocky Plains Road, Covington, GA 30016, this property is part of a larger development, with only two lots remaining after three successful sales. Phase 3 soil work is complete, simplifying the development process. The property boasts convenient access to Interstate 20, approximately seven miles north, providing easy connectivity to major transportation routes. It's also situated approximately seven miles from Downtown Covington, offering a wealth of retail, dining, and entertainment options. Covington's thriving film industry, often dubbed the "Hollywood of the South," provides significant economic growth. Major film studios like Triple Horse Studios and the new Three Ring Studios are located nearby, further enhancing the area's appeal. The proximity to the 180-acre Covington Town Center mixed-use project, about 7.5 miles away, adds to the property's strategic location. The recent announcement of Rivian's $5 billion assembly plant in Walton and Newton Counties promises substantial job growth and economic expansion in the region. While the original tract was 85.36 acres, this lot is now subdivided and offers over 10 acres of prime commercial land, ready for development. The asking price is $130,000, representing a compelling value of $13,000 per acre.
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
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.