Located along a popular section of Interstate 20, this 16.69 acre mixed use zoned tract of land is a part of a larger 35.32 acre proposed development project. The zoning allows for 272 apartment units at $8,000 per unit. The maximum density per acre is 20,000 SF of living space.

Baxalta, recently acquired by Shire creating the leading global biotechnology company, broke ground in neighboring Covington, Georgia on the biggest capital outlay in its corporate history - a 1.2 million SF, state-of-the-art plasma products manufacturing facility. With such a large scale facility comes many new job opportunities - approximately 2,000. Jobs will include warehouse management, utilities workers, administrative clergy and laboratory staff. Baxalta will have invested $11.8 billion into the project by 2018.

With an increase in job availability, many will flock to the area. Small families and recent college graduates will benefit greatly from renting apartments in the surrounding Covington area. With a growing need for multifamily properties as indicated by a rapidly decreasing vacancy rate, increasing rental rate and no new construction in the works, the demand for options is growing.

Location Description:

Located along Interstate 20 and Flat Shoals Road less than an hour outside Downtown Atlanta.

Highlights:

>> 16.69 acre mixed use land tract

>> Allows for 272 apartment units

>> Tract is part of larger 35.32 acre proposed development

>> Located along a popular section of I-20

>> Benefits from growth in Covington with Baxalta creating new manufacturing facility

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