Property summary
This exceptional 9.77-acre commercial parcel is ideally situated in Covington, Georgia, at the intersection of Highway 81 and near Highway 162. The property boasts a prime location in a high-traffic area, ensuring excellent visibility and accessibility for any commercial venture. Currently zoned for commercial use, this land presents a unique opportunity for developers seeking to capitalize on the area's growth potential. Importantly, the property already has approval for multi-family development, streamlining the planning and permitting process for prospective buyers. This significantly reduces the time and expense typically associated with obtaining necessary approvals. The expansive acreage offers ample space for a variety of commercial projects, from retail centers and office buildings to residential complexes. Given its strategic location and existing multi-family approval, this property represents a compelling investment opportunity with significant upside potential. The high volume of traffic on nearby highways ensures consistent exposure, making it an attractive location for businesses seeking maximum visibility. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $198,000.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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