451 Highway 162 Covington, GA 30016
This exceptional 11.58-acre mixed-use property, located at 451 Highway 162 in Covington, Georgia (zip code 30016), presents a remarkable investment opportunity. Boasting over 201 feet of highway frontage, this strategically positioned land offers unparalleled visibility and accessibility. Centrally located near Covington, Porterdale, Conyers, and McDonough, it benefits from strong regional connectivity and a thriving local economy. The property, built in 1920, is zoned commercial and ready for development. Utilities, including power and water, are readily available, requiring only connection. An existing well on the site adds further potential. This expansive parcel provides ample space for a variety of commercial ventures, capitalizing on its high-traffic location and convenient access to major transportation routes. The asking price is $345,000. This is a rare chance to acquire a significant piece of commercial real estate in a rapidly growing area of Newton County, Georgia. Serious inquiries are encouraged.
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.