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    0 Unit Tract 5 Covington, GA 30014

    OFF-MARKET Retail properties & Spaces Google Maps
    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, located at 0 Highway 138 Unit Tract 5 in Covington, Georgia (zip code 30014), presents a prime opportunity for retail development. Zoned C2, this pad-ready site is approved for a 12,000+ square foot building and boasts all utilities, including sewer, already connected. Situated within a planned unit development (PUD) encompassing 150 homes, this property offers unparalleled visibility with road frontage and benefits from a daily traffic count exceeding 15,000 vehicles. Its convenient location in the rapidly expanding Walnut Grove area of Walton County provides easy access to Monroe, Athens, and Atlanta. The asking price for this exceptional property is $530,000. Built in 2024, this lot is ready for immediate development, making it an ideal investment for businesses seeking high visibility and a strong presence in a thriving community. The property's strategic location within a residential PUD ensures a built-in customer base and strong potential for future growth.

    Property profile

    Verified
    Property type Retail properties & Spaces
    Year built 2024
    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

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    Owner & transaction history

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation by Request
      2.08 Acres
      10717 Hwy 36 Hwy
      Restaurants
      10717 Hwy 36 Hwy, Covington, GA 30014
      View Details
    • Value Estimation by Request
      1.19 Acres
      Unit Tract 3
      Restaurants
      0 Unit Tract 3, Covington, GA 30014
      View Details
    • Value Estimation by Request
      100 SF
      Highway 138
      Retail properties & Spaces
      Highway 138, Covington, GA 30014
      View Details
    • Value Estimation
      $255,000
      9,864 SF
      12592 Hwy 278
      NURSERY, GREENHOUSE, FLORIST
      12592 Hwy 278, Covington, GA 30014-1619
      View Details
    • Value Estimation by Request
      2,450 SF
      Covington, GA 30014
      Restaurants
      Covington, GA 30014
      View Details
    • Value Estimation by Request
      Olive Garden
      Brand New 7,825 SF 2024 High-Quality Construction
      6138 Pavillion Way, Covington (Atlanta), GA 30014
      View Details

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    • $185,000
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    • New
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    Similar Nearby for Lease

    • New
      $3,648/Mo
      Corner Pharmacy Retail Space
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      View Details
    • $3,000/Mo
      8,000 sqft
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    • New
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      3,540 sqft
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    • New
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      60,575 sqft
      Modern Warehouse and Distribution Facility
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    • $750/Mo
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    • New
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      Professional Office Suites For Rent
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      2180 NE Elm Street NE, Covington, GA 30014
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    Recent comparable sales
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