162 & Dry Pond Covington, GA 30016
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.