Independent Living Development Opportunity | ± 12.2 Acres | ± 9, 600 SF Medical Office & Pharmacy Space

6200 Turner Lake Road, Covington, GA 30014

  • For Sale $4,000,000
  • Property Type VacantLand
  • Property Size 9,600 SF
  • Units 204
  • Lot Size 12.2 Acre
  • Date Updated Apr 4, 2024
Covington, GA.The Senior Housing Group at Bull Realty, Inc. is pleased to present a ± 12.2 AC land development in historic Covington, GA for a 204-Unit Independent Living Class A Facility, plus ± 9,600 SF medical office and pharmacy space. This upscale Independent Living development is located in a fast growing commercial area of Covington with easy access to I-20 and across the street from the Newton County Senior Services at 6183 Turner Lake Road. The site is adjacent to a large senior community center along the lake and is well located with good access and exposure. The immediate area has no state-of-the-art independent living facilities similar to the planned operations (residents would have to travel outside the primary market area for services). The independent living units within the project can appeal to the entire spectrum of the senior population base and provide for a continuum-of care for the assisted living services as residents age-in-place. Therefore, the project is anticipated to have a lower turnover rate.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • 10-mile IL Demand is 517 units growing to 659 units in 2028 | 27.4% growth
  • There are 33 IL units in the 10-mile Primary Market Area with no new planned units
  • The only majority Independent Living Facility is The Retreat with 33 IL units | 10 miles away in Conyers
  • The 10-mile IL unmet demand is 484 units growing to 626 in 2028 | 29.3% growth
  • Average 10-mile home value: $242,226.00
  • Potential Joint Venture

Contacts

broker

Ernie Anaya, MBA

Bull Realty

(404) 876-1640

Location

Getting Around

  • Walk Score ®

    43/100 Car-Dependent

  • Bike Score ®

    30/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Covington, GA
  • Zip Code 30014

Points of Interest

  • RaceWay

    0.48 miles

  • Citgo

    0.61 miles

  • QuikTrip

    0.70 miles

  • Kroger

    0.95 miles

  • ChargePoint

    1.50 miles

  • Valero

    2.19 miles

  • QT

    2.92 miles

  • Chevron

    4.05 miles

  • Chevron

    4.98 miles

  • Henderson's Grocery

    5.12 miles

  • Covington Park & Ride

    0.46 miles

  • Purple Parking

    5.30 miles

  • Red Parking

    5.41 miles

  • Orange Parking

    5.62 miles

  • Green Parking

    5.77 miles

  • Mountain bike area parking

    6.37 miles

  • East Conyers Park & Ride

    7.03 miles

  • La Quinta Inn & Suites by Wyndham Covington

    0.75 miles

  • Super 8

    2.31 miles

  • Days Inn

    2.38 miles

  • Quality Inn Covington

    2.77 miles

  • Holiday Inn Express and Suites

    3.05 miles

  • Hampton Inn

    3.07 miles

  • Econo Lodge

    8.08 miles

  • Courtyard Atlanta Conyers

    8.23 miles

  • Country Inn & Suites

    8.33 miles

  • Microtel Inn & Suites by Wyndham Conyers Atlanta Area

    8.57 miles

  • Arby's

    0.30 miles

  • Zaxby's

    0.33 miles

  • Captain D's

    0.38 miles

  • Taco Bell

    0.39 miles

  • Waffle House

    0.39 miles

  • Burger King

    0.39 miles

  • Wingstop

    0.41 miles

  • LongHorn Steakhouse

    0.47 miles

  • Bojangles'

    0.48 miles

  • Applebee's

    0.48 miles

  • Montessori School of Covington

    0.42 miles

  • Washington Street School

    0.64 miles

  • Cousins Middle School

    0.93 miles

  • Ficquett Elementary School

    1.21 miles

  • Oxford College of Emory University

    1.35 miles

  • Sharp Middle School

    1.36 miles

  • Oxford College of Emory University

    1.45 miles

  • Palmer Stone Elementary School

    1.92 miles

  • Newton County High School

    2.22 miles

  • Porterdale Elementary School

    2.28 miles

Frequently Asked Questions

What is the lease rate for Independent Living Development Opportunity | ± 12.2 Acres | ± 9, 600 SF Medical Office & Pharmacy Space?

Rental asking rate at Independent Living Development Opportunity | ± 12.2 Acres | ± 9, 600 SF Medical Office & Pharmacy Space is $2,000,000.00/YR.

What is the total square footage of Independent Living Development Opportunity | ± 12.2 Acres | ± 9, 600 SF Medical Office & Pharmacy Space?

Independent Living Development Opportunity | ± 12.2 Acres | ± 9, 600 SF Medical Office & Pharmacy Space totals 9,600 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Ernie Anaya, MBA

Bull Realty

(404) 876-1640