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Property profile & analytics
OFF-MARKET
Land

162 & Dry Pond Covington, GA 30016

16 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 16-acre commercial land parcel presents a unique investment opportunity in Covington, Georgia. Located at the intersection of Hwy 162 and Dry Pond, this property boasts a prime location poised for significant growth and development. Newton County's APN is 0051000000007000. The asking price is $2,500,000. Covington is experiencing remarkable growth, making this land a strategic investment in an up-and-coming community. Its strategic positioning near a soon-to-be-high-traffic intersection ensures high visibility and accessibility. The expansive acreage offers endless development possibilities, allowing for the creation of a project that reflects the city's dynamic future. This blank canvas allows for a development that captures the essence of Covington's growth, blending innovation with community. The property's proximity to key thoroughfares makes it an ideal location for a variety of commercial ventures, capitalizing on the city's expanding infrastructure and increasing population. This is a chance to be a part of Covington's exciting transformation and secure a prominent position in its burgeoning commercial landscape. The 30016 zip code further highlights the property's advantageous location within a rapidly developing area. This is an unparalleled opportunity to shape the future of Covington.

Property profile
Verified
Property type Land
Lot 16 ac (696,960 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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