90 Almon Rd - Industrial FOR SALE


Covington, GA 30014
$2,100,000 USD
678-808-2804
90 Almon Rd, Covington, GA for Sale
$2,100,000 USD
Industrial - FOR SALE
1/37
null | Request Cap Rate

90 Almon Rd
Covington, GA 30014


HIGHLIGHTS

  • Prime Investment Opportunity with Value-Add Potential in the Atlanta MSA | Short-Term Lease with No Options
  • Excess Land with Rail Access | 11.45 AC with CH - Commercial Highway Zoning | Ideal for Outdoor Storage
  • Two Buildings Totaling 13,954 SF | 5,057 SF Vacant Office/Flex Building
  • Warehouse Portion Fully Leased by The Erosion Company, LLC | +/-1.5 Years Remaining on a MG Lease & No Options to Renew
  • Strong IOS Tenant | Over 400 Employees Across Seven States | One of the Largest Erosion Control Service Providers on the East Coast
  • Excellent Access & Visibility via Interstate-20 (82,200+ VPD) | Right Off the Crowell Rd Exit 88

OVERVIEW

The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the value-add office & industrial property located at 90 Almon Rd, Covington, Georgia. Situated right off Interstate-20, the subject property features two buildings that total 13,954 SF and rest on 11.45 acres of CH (Commercial Highway) zoned land. The industrial warehouse is leased to The Erosion Company, LLC with just over a year of term remaining. The tenant is on a modified gross lease that features 4% annual escalations and no options to renew. The subject property offers substantial value-add opportunity with excess land for outdoor storage or development, converting the office into flex space, and filling vacancies. Located in the heart of the Southeastern United States, Covington, Georgia, is strategically positioned in Newton County, approximately 35 miles east of Atlanta. Spanning roughly 279 square miles, Newton County is part of the rapidly expanding Atlanta metro area. Covington benefits from robust transportation infrastructure, including direct access to Interstate-20 and proximity to key logistics hubs. The area has experienced significant growth due to its thriving manufacturing sector and its appeal to both national and regional businesses. Covington’s population of over 14,000 residents is complemented by the broader Newton County population, which exceeds 113,000, reflecting strong local workforce availability and demand for new development opportunities.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

4

PARKING SPACES

17

LAND DETAILS

LAND ACRES

11.45

LAND SF

498,762

ZONING

CH

APN/PARCEL ID

0025000000093000

ASK ABOUT THIS PROPERTY

Ani PaulsonMarcus & MillichapMore Info
678-808-2804

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Ani PaulsonMarcus & MillichapMore Info
678-808-2804

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.