$3,000,000

THE OPPORTUNITY: Acquire approximately 3.57 acres along Washington Street near Downtown Covington with five existing structures, established parking and existing utility infrastructure. The property presents an opportunity for an owner/user, investor or developer seeking a well-located site with existing improvements and additional redevelopment potential. The Georgia Department of Community Affairs (DCA) has designated the Washington Street commercial corridor and the surrounding downtown business district in Covington, Georgia, as an official State Opportunity Zone. This designation allows the area to leverage maximum state tax incentives to spur job creation and economic development. * 3.57 acres * 394 ft of Washington Street frontage * ~1 mile to Historic Covington Square * Five existing structures with potential for continued use, adaptive reuse, or redevelopment. * City's comprehensive plan identifies Washington Street as a targeted redevelopment corridor * State Department of Community Affairs Opportunity Zone Designation