10055 Eagle DrCovington, GA 30014

Property Details for 10055 Eagle Dr

Year built

2001

Construction

CONCRETE

Lot size

1.22 AC

Property size (Sq ft)

7,176 SF

Zone code

C1

Property type

Grocery and convenience stores

APN

00830-00000-077-A00

APU

0083000000077A00

Description

This exceptional commercial real estate offering encompasses over 25 acres of land, strategically divided into six parcels. Ideally situated in Covington, Georgia, this property boasts a highly desirable location just 2.5 miles from Interstate 20, providing unparalleled access to major transportation arteries and a large potential customer base. The zoning designation is a blend of Commercial and Planned Unit Development (PUD), offering significant flexibility for a wide range of development possibilities. This presents a unique chance to capitalize on the growing commercial landscape of Covington. The expansive acreage allows for substantial development potential, whether it's a large-scale retail center, mixed-use development, or a combination of both. The proximity to I-20 ensures high visibility and convenient access for both employees and customers. This property is an excellent investment opportunity for developers and investors seeking a prime location with significant growth potential in a thriving Georgia market. The six individual parcels offer flexibility in development plans, allowing for phased construction or the sale of individual lots. Detailed zoning information and development guidelines are available upon request. This is a rare opportunity to acquire a substantial land holding in a rapidly developing area. Don't miss this chance to secure a prime piece of Covington's commercial future.

• CAP approach

  CAP return

  Valuation

  6%

  $2,266,540

  6.5%

  $2,092,190

  7%

  $1,942,748

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,527,372

  Geo Method

  $3,527,372

• Alternative Use

  Use

  Valuation

  Residential

  $1,764,841

  Hospitality

  $1,616,585

  Educational

  $1,344,980

  Medical

  $1,391,236

  Retail

  $2,092,190

Location Insight

City

Covington

County

Newton

State

Georgia

Latitude

33.5743

Longitude

-83.8397

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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