$780,000
4 bd · 3 ba · 2,536 sqft · House
5467 Highway 162 S, Covington, GA 30016
Listing by Virtual Properties Realty.com
Listing by Keller Williams Realty North Atlanta
**PRIME COMMERCIAL DEVELOPMENT OPPORTUNITY 5.6 ACRES C-1 ZONING WALTON COUNTY, GA** Exceptional opportunity to acquire approximately 5.6 acres of commercially zoned land at 1791 Walnut Avenue in the growing Walnut Grove area of Walton County, Georgia. Offered at **$800,000**, this property presents tremendous potential for investors, developers, and business owners looking to establish a presence in an expanding commercial corridor. Strategically located near the intersection of Highway 138 and Highway 81, the property benefits from excellent regional connectivity and nearby traffic counts exceeding 14,000 vehicles per day. Ongoing residential growth, infrastructure improvements, and increasing demand for neighborhood commercial services contribute to the area's long-term investment appeal. The property features **C-1 Neighborhood Commercial zoning with a WP-2 Watershed Protection Overlay**. Potential development concepts include neighborhood retail, professional offices, medical or dental offices, service-oriented businesses, and other compatible commercial uses, subject to zoning requirements and municipal approvals. Existing improvements include an approximately 1,722-square-foot single-story residence, a spacious three-bay garage/workshop, and additional storage structures. These improvements may provide opportunities for adaptive reuse, owner occupancy, or interim utilization while exploring future redevelopment. The expansive site offers open land, mature trees, and established access. Buyers may also explore possible assemblage opportunities with neighboring parcels, subject to availability and separate negotiations. **INVESTMENT HIGHLIGHTS:** - Approximately 5.6 acres of commercial land - C-1 commercial zoning - Near Highways 138 and 81 - 14,000+ vehicles per day on nearby roadways - Existing residential and workshop improvements - Strong projected population growth in the surrounding trade area - Potential for multiple neighborhood-serving commercial concepts - Opportunity to secure land in a growing Walton County corridor Whether you're an investor positioning for future appreciation, a developer evaluating a commercial project, or a business owner seeking room to establish and expand operations, this property offers a compelling combination of location, acreage, and flexibility.
Open Lot
Estimated monthly cost
$4,482/mo
$160,000
Land loan: terms vary; check with your lender. Estimate only, with no home or mortgage insurance: there's no house on this land. Taxes use the listing's most recent figure where available.
| Date | Event | Price |
|---|---|---|
| Nov 1, 2026 | Listed for sale | $800,000 |
Walnut Grove
Elementary
Youth
Middle
Walnut Grove
High
School assignments can change — verify with the district before you buy.
Source: Georgia MLS · Updated 6m ago · Nov 11, 2026, 8:15 AM ET

Listings courtesy of Georgia MLS. Listing information © 2026 Georgia MLS. All rights reserved. Each listing names its listing firm.
© 2026 Georgia MLS. All rights reserved. Information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by GAMLS. Last updated Nov 11, 2026, 8:15 AM ET
Report a listing problem$780,000
4 bd · 3 ba · 2,536 sqft · House
5467 Highway 162 S, Covington, GA 30016
Listing by Virtual Properties Realty.com
$779,000
4 bd · 3.5 ba · 1,974 sqft · House
451 Mayo Road, Covington, GA 30014
Listing by The Legacy Real Estate Group
$775,000
— bd · — ba · 4,200 sqft · Commercial
8218 Hazelbrand Road NE, Covington, GA 30014
Listing by Broker2Broker Realty
$850,000
— bd · — ba · 4,028 sqft · Commercial
1143 College Avenue SE, Covington, GA 30014
Listing by Virtual Realty · 404-425-3645 · virtualrealtyatl@yahoo.com
$800,000
Land · 5.62 acres