Multifamily Development Opportunity | ± 8.64 Acres | Covington, GA

Washington St SW Covington, GA 30014

Washington St SW, Covington, GA, 30014
Washington St SW, Covington, GA, 30014 Washington St SW, Covington, GA, 30014 Washington St SW, Covington, GA, 30014 Washington St SW, Covington, GA, 30014 Washington St SW, Covington, GA, 30014
FOR SALE
Property Type:
Residential Land Development
Amount:
$3,500,000
Last Verified:
Apr 30, 2024

Highlights

  • 30 minutes from Atlanta City limits
  • 56 minutes to Hartsfield-Jackson International
  • Located in an Opportunity Zone - huge tax advantages
  • Zoned in neighborhood mixed use (NM) location

Description

The subject property in Covington, GA, situated on Washington Street SW, presents a remarkable investment opportunity. This property is located within a Qualified Opportunity Zone, zoned in a neighborhood mixed use (NM) location, and is less than half a mile from Covington's historic town square.

This prime real estate offers investors the potential to drive significant investments, job growth, and new business development. Covington's thriving environment is further enhanced by its proximity to the Covington Town Square, bustling with shops, restaurants, and retail options. Renowned as the "Hollywood of the South," Covington boasts over 200 movies and TV productions filmed in its picturesque setting. The property's strategic location, coupled with the tremendous opportunities in Covington's designated zones and its status as a growing hub for entertainment and innovative industries, make it an appealing prospect for forward-thinking investors seeking to shape the town's future. Don't miss out on this extraordinary chance to be part of Covington's dynamic growth story.

This property is located in Covington, Georgia.

Lot Size: 8.64 acres


Documents

Offering Memorandum

Map of Washington St SW, 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.