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Industrial

Great Development Opportunity | Atlanta MSA

90 Almon Rd, Covington, GA 30014

Listing Price: $2,990,000

Lot Size
11.45 acres
Price/Acre
$261,135
Land Type
Redevelopment

Investment Overview

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.

Investment Highlights

  • Prime Investment Opportunity with Value-Add Potential in the Atlanta MSA
  • Two Buildings Totaling 13,954 SF | 8,897 SF Industrial Warehouse & 5,057 SF Office | 64% Occupied
  • The Industrial Warehouse is Fully Leased by The Erosion Company, LLC | +/-1.5 Years Remaining on a MG Lease with 4% Annual Escalations & No Options to Renew
  • Excess Land with Rail Access | 11.45 AC with CH - Commercial Highway Zoning | Prime for Outdoor Storage
  • Excellent Access & Visibility via Interstate-20 (82,200+ VPD) | Right Off the Crowell Rd Exit 88

Exclusively Listed By

  • Ani Paulson

    First Vice President Investments

    (843) 952-2268

    Email Ani

    License(s): SC: 108539, GA: 428443, NC: 351488

    Atlanta

Financing By

Industrial

Great Development Opportunity | Atlanta MSA

Listing Price: $2,990,000

Lot Size
11.45 acres
Price/Acre
$261,135
Land Type
Redevelopment

Investment Highlights

  • Prime Investment Opportunity with Value-Add Potential in the Atlanta MSA
  • Two Buildings Totaling 13,954 SF | 8,897 SF Industrial Warehouse & 5,057 SF Office | 64% Occupied
  • The Industrial Warehouse is Fully Leased by The Erosion Company, LLC | +/-1.5 Years Remaining on a MG Lease with 4% Annual Escalations & No Options to Renew
  • Excess Land with Rail Access | 11.45 AC with CH - Commercial Highway Zoning | Prime for Outdoor Storage
  • Excellent Access & Visibility via Interstate-20 (82,200+ VPD) | Right Off the Crowell Rd Exit 88

Investment Overview

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.

Exclusively Listed By

  • Ani Paulson

    First Vice President Investments

    (843) 952-2268

    Email Ani

    License(s): SC: 108539, GA: 428443, NC: 351488

    Atlanta

Financing By

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