0 Rocky Plains Rd Covington, GA 30016
This exceptional 31.84-acre farm tract in Newton County, Georgia, presents a unique investment opportunity. Located on Rocky Plains Road near Covington (zip code 30016), this property boasts Yellow River frontage and offers unparalleled convenience. Situated approximately 7 miles from Downtown Covington, residents will enjoy easy access to a vibrant array of retail, dining, and entertainment options. The property's strategic location also provides convenient access to Interstate 20, enhancing connectivity to broader regional networks. Covington's burgeoning film industry, often referred to as the "Hollywood of the South," adds significant appeal, with major studios like Triple Horse Studios and the newly established Three Ring Studios nearby. The proximity to the 180-acre Covington Town Center mixed-use project and the recently announced Rivian $5 billion assembly plant in neighboring Walton and Newton Counties further underscores the area's robust economic growth and potential for future development. Phase 3 soil work is complete, simplifying the development process. This is one of only two remaining lots from an original subdivision of 85.36 acres, with four of the six lots offering Yellow River frontage. All lots are over 10 acres. The asking price is $477,600, representing a price per acre of $15,000. This property is ideal for those seeking a substantial land holding in a rapidly developing area with excellent access to amenities and infrastructure.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.