Rocky Plains Rd Covington, GA 30016
- Land
- 10.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Rocky Plains Rd
- Lot size
- 10.00 lot acres
- Property type
- Land
Description
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.
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
- Newton
- State
- Georgia
- Longitude
- -83.9113
- Latitude
- 33.4982
