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Listed by Jesse Patrick • Georgia Premier RE Advisors
$700,000
Est. payment /mo
9.05 Acres Lot
Price Dropped by $500K
10860 Covington Bypass Rd Covington, GA 30014
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Key Details
Property Type Vacant Land
Sub Type Residential Lot
Listing Status Active
Purchase Type For Sale
Subdivision Covington Station
MLS Listing ID 10327317
HOA Y/N No
Annual Tax Amount $1
Tax Year 2023
Lot Size 9.050 Acres
Property Description
Georgia Premier RE Advisors is pleased to present an already approved Rental Townhome Development Lot in the city limits of Covington. The parcel has all utilities available including water, sewer, natural gas, and high speed internet. The lot is zoned C-R and has already been approved for 49 rental townhome units. The units are currently sized at 26x50 and will be rear entry units with either 1 or 2 car garages. The property is surrounded by townhome/apartment communities with rentals ranging from $1000-1700/mo per unit depending on size. There is a tremendous need for more townhome units in Covington and this location is in a key position. The seller already has all concept/site plans, environmental/feasibility studies, civil plans, corp of engineers wetland letter, and new boundary survey needed for an LDP. Seller is expecting to have LDP in hand within 2-3 weeks. Call for more details and come take advantage of all the work that has already been done.
Location
State GA
County Newton
Exterior
Community Features None
Utilities Available Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Available
Building
Sewer Public Sewer
Schools
Elementary Schools Middle Ridge
Middle Schools Indian Creek
High Schools Newton
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