3145 Hwy 278 NE

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3145 Hwy 278 NE

Covington, GA 30014
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel spanning 1.68 acres in Covington
  • Located along the Hwy 278 NE corridor in Georgia
  • Suitable for various retail or professional office developments
  • Strategically positioned within the expanding Atlanta metropolitan area
  • Available for acquisition in the 30014 zip code

What's Special

This 1.68-acre commercial land parcel sits along Hwy 278 NE in Covington, Georgia. The site provides proximity to local transportation corridors in a growing suburban market within the Atlanta metropolitan area, benefiting from the steady economic development characteristic of the region. Given the size and frontage, the lot is suited for various commercial developments ranging from retail space to professional service facilities. Businesses looking to establish a footprint in Newton County will find the location accessible for both clients and employees navigating the broader corridor. Investors should consider the site for ground-up construction or long-term land banking strategies. The property offers enough footprint for specialized site designs tailored to specific commercial or office needs, providing flexibility for developers targeting the Covington market area. Local infrastructure supports a variety of business operations, making this land an entry point for firms aiming to capitalize on the region's increasing population and commercial activity.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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