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Property profile & analytics
FOR SALE
Commercial real estate

1791 Walnut Ave Covington, GA 30014

1,722 SF 5.67 ac lot Built 1964
Property ID
US22-1108795
Property summary
AI-generated overview

This exceptional 5.67-acre commercial property in Covington, GA, presents a unique investment opportunity. Located on Walnut Ave, the property boasts a highly desirable C-1 Neighborhood Commercial zoning, ensuring versatility for a wide range of businesses. The site includes a 1,722 square foot building, adaptable for office or retail use, and a 30x40 metal shop with electricity. A substantial 3.5-acre open lot provides ample space for parking, storage, or future expansion. All utilities are readily available, including water, sewer, gas, and high-speed internet. This prime location benefits from a daily traffic count of 14,500 vehicles, significantly enhanced by its proximity to a newly approved DOT roundabout at the Hwy 138 & Hwy 81 intersection. The property's strategic positioning within the rapidly growing Walnut Grove area, near major commercial developments, makes it ideal for a retail store, self-storage facility, restaurant, or other commercial ventures. The potential for assemblage with neighboring tracts further enhances its long-term value. This is a rare chance to acquire a substantial commercial property in a thriving market. The asking price is $715,000.

Property profile
Verified
Property type Commercial real estate
Year built 1964
Total area 1,722 SF
Lot 5.67 ac (246,985 SF)
UPID US22-1108795
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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