Available
$75,000(ARV: $500,000)15% of ARV

Newton County, Covington, GA 30014

127,195 sf

27 days ago

Gross spread$425,000

Description

LAND / DEVELOPMENT OPPORTUNITY – COVINGTON, GA 410 Alcovy Way, Covington, GA 30014 Asking Price: $75,000 2.92-acre vacant land opportunity consisting of approximately 127,195 SF, zoned A-R (Agricultural Residential). Partially developed and buildable lot located in an established neighborhood with convenient access to the surrounding Covington market. Property features substantial road frontage with potential to subdivide into 2+ lots, subject to county approval and applicable zoning/development requirements. Soil Test Report available. Property Highlights: 2.92 Acres / 127,195 SF A-R Agricultural Residential Zoning Partially Developed & Buildable Potential 2+ Lot Subdivision Out of Flood Zone Soil Test Report Available Water Meter in Place Electric in Place No Active Utilities No HOA Established Residential Neighborhood Renovated / well-kept homes nearby selling around $400K New-construction comps approximately 1–2 miles away Projected ARV: $500K+, depending on final build/specifications Strong opportunity for a builder, developer, land investor, spec-home project, custom home, subdivision strategy, resale, or long-term hold. ASKING: $75,000 Investors/builders: RSVP: [contact details hidden] Buyer to independently verify zoning, subdivision potential, utilities, buildability, ARV, and all development requirements.

$/sqft vs market

This deal$1/sqft
Market median$181/sqft
Difference−100% below

Median of 12 comparable listings matched on ZIP. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms—
Bathrooms—
Square feet127,195
Lot size2.92 ac
Year built—
ConditionFull Rehab
OccupancyVacant
ParkingAssigned

Systems & condition

HeatingOther
Air conditioningNone
FoundationOther

Self-reported by the seller. Not inspected.

Property information

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Documents on file4
Views on the source listing109