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Highway 138 Covington, GA 30014

OFF-MARKET Retail properties & Spaces Google Maps
100 SF 1.85 ac lot Built 2024
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 1.85-acre commercial lot in Covington, GA, presents a remarkable opportunity for retail development. Located on Highway 138 NE, Unit Tract 5 benefits from a highly visible position with over 15,000 vehicles passing daily. The property is zoned C2 and is part of a planned unit development (PUD) including 150 homes, ensuring a strong residential base for your business. A 12,000+ square foot building has already been approved, streamlining the development process. This pad-ready site offers significant advantages, including all utilities, including sewer, already connected. Its convenient location offers easy access to Monroe, Athens, and Atlanta, expanding your potential customer base. The lot's road frontage provides exceptional visibility, making it ideal for businesses seeking high exposure. This is a rare opportunity to establish a thriving business in a rapidly expanding area of Walnut Grove within Walton County. The 100 square foot building footprint is a starting point for your development plans. This property is ready for immediate development.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 100 SF
Lot 1.85 ac (80,586 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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