Listing

MLS #: 20103805

Remarks

PROPERTY OVERVIEW The Norton Commercial Acreage Group is proud to present this +/- 26-acre property in Covington, located just south of the burgeoning I-20 commercial corridor in Newton County. The site is very well situated to service the 500 planned homes immediately behind the subject property. This residential development, coupled with the GDOT improvements planned for Salem Road, make this lot perfect for developing into service-oriented, medical establishments, grocery stores, self-storage or other value retailers. Currently zoned CN (Neighborhood Commercial) & R2 (Residential). Public water and sewer are both located in the adjacent developments. The property has rolling topography and offers access from and road frontage on two roads: +/- 950 feet on Salem Road and +/- 580 feet on Village Glen Drive. Residential development to the east will have access to Salem Road through subject property allowing for even more visibility to commercial development. LOCATION OVERVIEW Located roughly 20 miles east of the 285 Atlanta perimeter, Newton County has experienced phenomenal growth in commercial and residential development, but especially in areas close to I-20. Over the last 3-5 years, the total number of occupied homes within a 3-mile radius has risen 14% and, as everyone knows, “retail follows rooftops”. Covington is home to one of the most charming downtown business districts with beautifully maintained parks and architecture. Lidl Grocery, Takeda, FaceBook, as well as the new multi-billion dollar Rivian project nearby deliver thousands of jobs to the area. As residential growth continues being stimulated, commercial sites will become more sought after to serve growing population.