0 Washington StCovington, GA 30014

Property Details for 0 Washington St

Lot size

8.64 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 8.64-acre land parcel in Covington, Georgia, presents a compelling multifamily development opportunity. Located on Washington Street SW, this fee simple property boasts a Neighborhood Mixed Use (NM) zoning designation, allowing for a variety of residential construction options. The asking price is $3,500,000, translating to approximately $405,092 per acre. The property consists of a four-parcel assemblage (APN available upon request). Its strategic location offers significant advantages. Situated less than half a mile from Covington's historic town square, the property benefits from the area's vibrant atmosphere, featuring numerous shops, restaurants, and retail establishments. Covington's reputation as the "Hollywood of the South," attracting significant film and television production, further enhances its appeal. The property's proximity to Atlanta (30 minutes) and Hartsfield-Jackson International Airport (56 minutes) provides excellent accessibility. Furthermore, its location within a Qualified Opportunity Zone presents substantial tax advantages for investors. This unique combination of factors makes this property an ideal investment for developers seeking to capitalize on Covington's growth and the potential for significant returns. The property's size and zoning provide ample opportunity for a substantial multifamily development project, contributing to the ongoing revitalization of this thriving Georgia community.

Location Insight

City

Covington

County

Newton

State

Georgia

Latitude

33.587

Longitude

-83.8772

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