Independent Living Development Opportunity | ± 12.2 Acres | ± 9, 600 SF Medical Office & Pharmacy Space

6200 Turner Lake Road Covington, GA 30014

6200 Turner Lake Road, Covington, GA, 30014
6200 Turner Lake Road, Covington, GA, 30014 6200 Turner Lake Road, Covington, GA, 30014 6200 Turner Lake Road, Covington, GA, 30014 6200 Turner Lake Road, Covington, GA, 30014 6200 Turner Lake Road, Covington, GA, 30014
Property Type:
Multifamily Land
Last Verified:
Jan 26, 2024


  • 10-mile IL Demand is 517 units growing to 659 units in 2028 | 27.4% growth
  • There are 33 IL units in the 10-mile Primary Market Area with no new planned units
  • The only majority Independent Living Facility is The Retreat with 33 IL units | 10 miles away in Conyers
  • The 10-mile IL unmet demand is 484 units growing to 626 in 2028 | 29.3% growth
  • Average 10-mile home value: $242,226.00
  • Potential Joint Venture


The Senior Housing Group at Bull Realty, Inc. is pleased to present a ± 12.2 AC land development in historic Covington, GA for a 204-Unit Independent Living Class A Facility, plus ± 9,600 SF medical office and pharmacy space.

This upscale Independent Living development is located in a fast growing commercial area of Covington with easy access to I-20 and across the street from the Newton County Senior Services at 6183 Turner Lake Road. The site is adjacent to a large senior community center along the lake and is well located with good access and exposure.

The immediate area has no state-of-the-art independent living facilities similar to the planned operations (residents would have to travel outside the primary market area for services). The independent living units within the project can appeal to the entire spectrum of the senior population base and provide for a continuum-of care for the assisted living services as residents age-in-place. Therefore, the project is anticipated to have a lower turnover rate.

Covington, GA.

Building Size: 9600sq ft
Lot Size: 12.2 acres


Offering Memorandum

Map of 6200 Turner Lake Road, Covington, GA, 30014

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.