THE OPPORTUNITY: Acquire approximately 3.57 acres along Washington Street near Downtown Covington with five existing structures, established parking and existing utility infrastructure. The property presents an opportunity for an owner/user, investor or developer seeking a well-located site with existing improvements and additional redevelopment potential. The Georgia Department of Community Affairs (DCA) has designated the Washington Street commercial corridor and the surrounding downtown business district in Covington, Georgia, as an official State Opportunity Zone. This designation allows the area to leverage maximum state tax incentives to spur job creation and economic development. * 3.57 acres * 394 ft of Washington Street frontage * ~1 mile to Historic Covington Square * Five existing structures with potential for continued use, adaptive reuse, or redevelopment. * City's comprehensive plan identifies Washington Street as a targeted redevelopment corridor * State Department of Community Affairs Opportunity Zone Designation
| MLS # | 10867370 |
|---|---|
| Listing Type | For Sale |
| Style | Office,other,retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1989 |
| Days On Site | 21 |
| Listing Provided By | Lee Staples Realty, Inc. | Bob Smith |
| SQ Feet | 12,247 |
|---|---|
| Building(s) | 5 |
| Zoning | NM |
| Acreage | 3.57 |
| Building Features | Free Standing |
|---|---|
| Cooling | Central Air |
| Cooling Yes / No | Yes |
| Heating | Central |
| Heating Yes / No | Yes |
| Window Features | Display Window(s) |
| Lot Features | Level, Semi Turning Available |
|---|---|
| Construction Materials | Other |
| Roof | Metal, Other |
| Fencing | Fenced, Privacy |
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Parking Lot |
| Utilities | Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer, Septic Tank |
| Tax Annual Amount | 0 |
|---|---|
| Tax Year | 2024 |
| State | GA |
|---|---|
| County | Newton |
| City | Covington |
| Zip Code | 30014 |
| Area | Newton |
| Listing VS Median (in 30014) | |
Price: $1,200,000 low | high Med: $350,000 sqft: 12,247 low | high Med: 3,240 $ / sqft: $98 low | high Med: $108 On site: 21 low | high Med: 63 | |
| State | GA |
|---|---|
| County | Newton |
| City | Covington |
| Zip Code | 30014 |
| Area | Newton |
| Listing VS Median (in 30014) | |
Price: $1,200,000 low | high Med: $350,000 sqft: 12,247 low | high Med: 3,240 $ / sqft: $98 low | high Med: $108 On site: 21 low | high Med: 63 | |